Keystone Property Finance, the specialist buy-to-let lender, has announced a reduction of up to 0.30% in rates on all 5-year fixed rate products within its ‘classic’ range.
The lowest 5-year fixed rate now starts at 4.94% and is accessible to landlords with standard properties.
This rate is available for up to 75% loan-to-value (LTV) and carries a 4.5% arrangement fee.
The most significant reductions are found in the lender’s specialist range, with two of its 4.5% fee products slashed by 0.30%.
They are now priced at 5.04% and 5.14% at 65% and 75% LTV, respectively.
Just last month, the Kent-based lender announced substantial reductions in its ‘classic’ range of 2-year fixed rate products.
Elise Coole (pictured), managing director at Keystone Property Finance, commented on the rate reductions: “The promise we give to brokers is that we will always do our best to bring rates down quickly whenever the opportunities arise.”
She added: “After making changes to our ‘classic’ 2-year fixed rate pricing, we were eager to extend this to our five-year fixed rate products and are pleased that we have been able to do that so soon.”
