Rates in the lender’s standard BTL range now start from 3.39% at 65% loan to value (LTV).
Expat rates begin at 4.99%, while holiday let rates start from 5.69%, both at 65% LTV.
Rates in Keystone Property Finance’s product transfer, PT Plus and refurb to let exit product ranges now all start from 5.04% at 65% LTV.
Keystone Property Finance aims to simplify and streamline its product offering and ranges, improving product guides and launching special-edition products.
These include a new range for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
As part of the enhancements, the lender has also introduced a new 5% arrangement fee tier across its product ranges and expanded its eligibility criteria to accept HMOs and MUFBs with up to 20 occupants or units.
Mainstream and specialist lenders are building gradual traction with rate cuts this week, in response to a highly volatile market.
Elise Coole (pictured), managing director of Keystone Property Finance, said: “We are always watching the market closely and when opportunities arise, we move quickly to pass those savings on to brokers and their clients. That is exactly what has happened in the past few days, allowing us to reduce rates by 10 basis points across nearly every product in our range.
“With mortgage rates having experienced upward pressure over the past month, we want brokers to know that we remain committed to offering competitive products that reflect the market conditions at that time. That responsiveness is something brokers and borrowers value and it will remain a key focus for us.”
