Lender reduces rates by up to 0.20%
Specialist lender Keystone Property Finance has brought down rates by as much as 20 basis points (bps) across its standard and specialist ranges.
With the latest rate cuts, the lender’s standard five-year fixed rates now start at 5.24% while its five-year specialist products start at 5.44%.
Keystone has also reduced its two-year product transfer and Switch & Fix fixed rates by 15bps and all five-year fixed rates in these ranges by 20bps.
As a result, its two- and five-year product transfer deals now start at 6.79% and 6.24%, respectively, while its two- and five-year Switch & Fix rates now start at 7.24% and 6.44%.
🚨 Product Update 🚨
— Keystone Property Finance (@KeystonePF) November 3, 2023
We’ve updated our ranges and reduced all our 5 year fixed rates by 0.20% as well as reducing our 2 year Product Transfer and Switch & Fix rates by 0.15%.
Our 5 year fixed rates now start from 5.24%.
View our products here >> https://t.co/LyGGfFZ0NH pic.twitter.com/2imeDjrUp8
“The Bank of England’s Monetary Policy Committee voted to hold rates for the second consecutive month on Thursday,” said Elise Coole (pictured), managing director at Keystone Property Finance. “Less than 24 hours later, we’ve reduced our rates.
“We hope that demonstrates to brokers and their clients that we don’t hang around, and as soon as conditions allow, we reduce our rates.”
Keystone has also made rate cuts on its standard and specialist two-year fixed rate products recently, lowering some rates to below 5%.
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, Twitter, and LinkedIn.
