Keystone Property Finance has cut a range of mortgage products by up to 0.20%, and reinstated a popular fee option to provide greater choice to landlords.
The specialist buy-to-let (BTL) lender has reduced its 2-year standard fixed rates by 0.15%, meaning the range now starts at 3.24%.
It has also cut its specialist (one to six unit) 2-year fixed rates by 0.15%, with the range now starting at 3.29%.
As well as cutting its 2-year fixed rates, Keystone has also lowered its Switch & Fix products, which allows variable rate borrowers to switch fee-free at any time to a fixed rate, by 0.20%.
The range now starts at 5.24%.
Further, the lender has reintroduced its 7% arrangement fee option.
This fee option is available at 70% loan-to-value (LTV) across both 2- and 5-year fixed rates.
Elise Coole (pictured), managing director of Keystone Property Finance, said: “We’re excited to announce a significant reduction in rates.
“It means we can offer even more competitive options to brokers and their landlord clients.
“As ever, we are committed to ensuring that reduced borrowing costs are passed on to borrowers as soon as possible, so we remain a step ahead in delivering value to the market.
“We are also delighted to reintroduce our 7% arrangement fee option, which we have brought back following high demand from brokers.
“This option provides landlords with the flexibility they need to manage affordability and achieve the leverage they’re looking for.”
