Keystone Property Finance has brought out updated deals having withdrawn them yesterday to reprice them due to swap market volatility.
Classic range rates start from 5.64 per cent and complex ranges begin from 6.74 per cent.
The lender has also added a 5.5 per cent arrangement fee on its five-year fixed rate classic range and it has relaunched its expat and holiday let deals.
Elise Coole, managing director at Keystone Property Finance, comments: “Like many other lenders we’ve had to increase some of our rates due to rising swap rates and current market conditions. However, we remain committed to providing a flexible and innovative product range.
“Our new competitive 5.5 per cent arrangement fee five-year fixed rate will allow landlords to borrow more at a time when rising rates are capping loan sizes, while we are also pleased to reintroduce our expat and holiday let ranges in time for summer.”
Lendco to withdraw products
Lendco is repricing its deals again today as swap rates have continue to climb and lead to increased volatility in the market.
In a note to brokers, the lender said that the price of a five-year fixed rate swap rate had increase from 3.98 per cent on 15 May and has since risen to 5.3 per cent today.
Lendco said that it would relaunching its fixed rates in the next few days but its tracker range was still available.
If brokers wanted to secure current rates will need to be secured by a fully-signed application by 5pm today.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.