Keystone Property Finance, the specialist buy-to-let lender, has made rate reductions of up to 0.40% on all 2-year fixed rate products in its ‘classic’ range.
The largest rate reduction will be applied to its 4.5% fee products, while rates on its 3.5% and 2.5% fee products will be reduced by 0.30% and 0.20%, respectively.
The Kent-based lender had recently divided its product offerings into ‘classic’ and ‘specialist’ ranges.
The ‘classic’ range targets mainstream landlords with standard buy-to-let criteria, while the ‘complex range’ is designed for landlords with more specialized financing needs.
Following the re-pricing, the lowest two-year fixed rate for standard properties in the ‘classic’ range is now 4.29%, and for HMOs (Houses in Multiple Occupation) and multi-unit properties with up to six beds, it is 4.44%.
Elise Coole (pictured), managing director at Keystone Property Finance, said: “As a business, we never want to rest on our laurels, and that is why we have quickly followed up on the launch of our new ranges with a major price reduction.
“We have now reduced rates twice in quick succession and we will continue to take proactive steps to enhance the products and services we offer to brokers.
“As a specialist lender built by brokers, we understand what it is that brokers are looking for and have the solutions in places to support them.”
