Keystone Property Finance lowers interest rates and reintroduces fee option

Keystone Property Finance has reduced a range of mortgage products by up to 20 basis points and reintroduced a fee option.

The specialist buy-to-let lender has cut its standard two-year fixed rates by 15 basis points, so the range now starts at 3.24%.

Additionally, the two-year fixed rates for specialists (1-6 people/units) have been reduced by 15 basis points, with the range now starting at 3.29%.

In addition to cutting its two-year fixed interest rates, Keystone also cut its Switch & Fix products, which allow variable-rate borrowers to switch to a fixed rate at any time without penalty, by 20 basis points. The range now starts at 5.24%.

Additionally, the lender has reintroduced its 7% processing fee option. This fee option is available with a 70% LTV on both two- and five-year fixed rates.

Elise Coole, managing director of Keystone Property Finance, said: “We are pleased to announce a significant reduction in interest rates. This means we can offer agents and their landlord clients even more competitive options. As always, we are committed to ensuring that reduced borrowing costs are passed on to borrowers as quickly as possible so that we are always one step ahead in creating value in the market.

“We are also pleased to reintroduce our 7% brokerage fee option, which we reintroduced following strong demand from brokers. This option gives landlords the flexibility they need to manage affordability and achieve the desired leverage.”