Specialist buy-to-let (BTL) lender Keystone has reduced all 5-year fixed rates by 0.20%, and all 2-year product transfer and Switch & Fix rates by 0.15%.
The 5-year product rate reduction includes the lender’s standard, specialist, expat, holiday let, product transfer and Switch & Fix ranges.
These products are available at 65% and 75% loan-to-value (LTV) and start from 5.24%.
Elise Coole, managing director, at Keystone Property Finance, said: “The Bank of England’s Monetary Policy Committee voted to hold rates for the second consecutive month on Thursday. Less than 24 hours later, we reduced our rates.
“We hope that demonstrates to brokers and their clients that we don’t hang around and as soon as conditions allow we reduce our rates.’’
