Specialist buy-to-let lender Keystone Property Finance has launched a new range of lower-rate larger loan products with a 5% arrangement fee.
The 5-year fixed rate products are available for loans of between £250k and £2m and come with a higher fee in return for lower rates.
Rates start from 5.29% for standard properties at 65% loan-to-value (LTV) and 5.39% at 75% LTV. For borrowers purchasing or remortgaging a specialist property, such as an HMO or multi-unit property, rates start at 5.54% at 65% LTV or 5.64% at 75% LTV.
The ‘Larger Loan’ product range will give more flexibility to landlords seeking higher yielding properties and has been launched in direct response to feedback from brokers.
Elise Coole, managing director at Keystone Property Finance, said: “This is the first time we have offered products with a 5% arrangement fee and we have done so to give landlords more choice and flexibility.
“We’re here to support brokers and their clients and as long as it makes business sense, we will always look at finding new and innovative ways to lend.
“Market competition is heating up and we are keen to ensure we have a range that is both attractively priced and varied in terms of the products on offer so we are front of mind when brokers are placing complex buy-to-let cases.
“Rather than waiting around, we think it’s important to move quickly to pass cost savings onto landlords as funding conditions have allowed.”
