Following the reductions, its 65 per cent loan to value (LTV) five-year fixed deals now begin at 5.89 per cent, while the options at 75 per cent LTV begin from 5.99 per cent.
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.”
Product additions
It has also added four green mortgage products up to 80 per cent LTV for landlords purchasing or refinancing properties with an EPC rating of A or B. The rates start at 6.14 per cent and there is a 5.5 per cent fee.
Further, Keystone has launched two-year product transfer options alongside switch and fix products, which allows borrowers on a variable rate to move onto a fixed rate with no fees.
It has also added five-year deals for expats who are either purchasing or refinancing a house in multiple occupation (HMO) or multi-unit freehold block (MUFB).
Now, its two-year product transfer rates start at 7.44 per cent, its switch and fix begins from 6.54 per cent, and the new five-year expat options begin from 6.59 per cent.
Coole 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.”
