Keystone adds large loan range with higher fees and lower rates

The products have a higher arrangement fee of five per cent, up from its standard four or three per cent fee charge which it has hedged against the lower rates. 

Pricing starts from 5.29 per cent for a five-year fix against a standard property at 65 per cent loan to value (LTV), and 5.39 per cent for the equivalent option at 75 per cent LTV. 

For specialist properties, the five-year fix at 65 per cent LTV has a rate of 5.54 per cent, while at 75 per cent LTV the rate is 5.64 per cent. 

Standard expat rates begin at 5.64 per cent for a five-year fix at 65 per cent LTV, and are priced at 5.74 per cent at 75 per cent LTV. 

Mortgages for expats borrowing against specialist properties start from 5.84 per cent for a five-year fix at 65 per cent LTV and 5.94 per cent for the 75 per cent LTV option. 

For holiday lets, the five-year fix at 65 per cent LTV has a rate of 5.74 per cent, and a rate of 5.84 per cent at 75 per cent LTV. 

Loans between £250,000 and £2m are available at the 65 per cent LTV tier, and from £250,000 to £1.5m at 75 per cent LTV. 

Keystone: ‘Market competition heating up’

Elise Coole (pictured), managing director at Keystone Property Finance, said: “This is the first time we have offered products with a five per cent arrangement fee and we have done so to give landlords more choice and flexibility. 

“We’re here to support brokers and their clients and as long as it makes business sense, we will always look at finding new and innovative ways to lend.” 

She added: “Market competition is heating up and we are keen to ensure we have a range that is both attractively priced and varied in terms of the products on offer so we are front of mind when brokers are placing complex buy-to-let cases. 

“Rather than waiting around, we think it’s important to move quickly to pass cost savings onto landlords as funding conditions have allowed.”