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Keystone axes tracker rates amid major mortgage revamp

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  • 01/11/2017
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Keystone axes tracker rates amid major mortgage revamp
Keystone Property Finance is scrapping tracker rates and introducing mortgages for landlords with a poor credit history, as part of a product overhaul.

The specialist lender is to replace trackers with two-year fixed deals, with rates from 3.39% at 65% loan-to-value.

At the same time, five-year fixed rates have increased. Rates now start at 3.69% for standard buy-to-let properties and 3.89% for Houses in Multiple Occupation (HMOs) and multi-units.

 

Expanded product offering

Overall the product refresh will double the number of mortgages in Keystone’s Classic Range, including the introduction of mortgages for landlords with adverse credit.

The lender is also launching more product options for landlords looking to obtain finance for standard buy-to-let and HMO property.

Keystone managing director David Whittaker said: “We are delighted that we have been able to expand our product offering and believe that the introduction of products for landlords with light adverse credit will be welcomed by both investors and brokers.”

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