Keystone Property Finance has cut its 5-year fixed rates by up to 0.15% and reintroduced green mortgages as part of a major product overhaul.
Following the reductions, Keystone’s 65% loan-to-value (LTV) 5-year fixed rates now start at 5.89% while its 75% LTV 5-year fixed rates start at 5.99%.
The specialist buy-to-let lender’s four green mortgage products were launched for up to 80% LTV, with rates starting at 6.14% for a fee of 5.5%.
To qualify, landlords must be purchasing or refinancing a property with an Energy Performance Certificate (EPC) rating of either A or B.
The lender has also launched 2-year product transfer and switch and fix products, as well as a suite of specialist 5-year expat deals for those purchasing or refinancing a house in multiple occupation (HMO) or multi-unit freehold block (MUFB).
The lender’s 2-year product transfers now start at 7.44%, while its switch and fix range is available from 6.54% and its new 5-year expat range from 6.59%.
Elise Coole (pictured), managing director at Keystone Property Finance, said: “This is a major product refresh for us, one that makes our proposition even more competitive in the specialist end of the market.
“In addition to these updates, we have also simplified our product range titles to help brokers find the best solution to their buy to let cases as efficiently as possible.”
“While swap rates remain much higher than they were a year ago, they have stabilised of late, allowing us to pass on these rate reductions to brokers and their clients today.
“If market conditions allow us to make further cuts, we won’t waste any time in doing so.”
She added: “We’re thrilled to be able to reintroduce a new suite of green mortgages, which reward landlords purchasing or remortgaging properties with high EPC scores.
“As a green mortgage pioneer, we are committed to playing our part in helping make the UK’s ageing housing stock more energy efficient.
“While the market outlook remains uncertain, we retain a strong appetite to lend and will continue to sharpen up our range as market conditions allow.”
