Keystone Property Finance Offers Reduced Mortgage Rates for Landlords

Keystone Property Finance, a specialist buy-to-let lender, has recently announced significant reductions in mortgage rates across its product range. Landlords can now access standard fixed rate mortgages starting from 4.14%, with the largest cuts seen in the expat range, where rates were slashed by up to 0.65% to a new starting point of 5.49%.

Furthermore, Keystone has also lowered rates for standard and specialist products for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) with up to 15 occupants or units, by as much as 0.55%. Additionally, the 5.5% and 7% arrangement fee products on its 5-year fixed rates have been removed in response to recent reductions in mortgage rates.

Elise Coole, the managing director at Keystone Property Finance, expressed her excitement about the New Year’s kick-off with these substantial rate decreases. Coole highlighted the significant drop in swap rates over the past month, allowing the lender to pass on sizeable reductions to their customers. She also emphasized Keystone’s commitment to adjusting rates in response to market conditions, reflecting their dedication to providing competitive offerings for landlords.

Coole further explained the decision to remove the 5.5% and 7% arrangement fee tiers, stating that these products were initially introduced to help landlords attain higher levels of leverage when mortgage rates were high. However, with the recent significant drops in mortgage rates, these offerings have fulfilled their purpose and are no longer essential to Keystone’s product range.

In conjunction with the rate reductions, Keystone has introduced a 3% arrangement fee offering to its product transfer range, with rates starting at 4.89%. This move signifies the company’s continuous effort to enhance the affordability and accessibility of their mortgage products for landlords.

It is evident that Keystone Property Finance remains committed to offering competitive and affordable mortgage products for landlords, and their recent rate reductions and product adjustments stand as a testament to this dedication. This strategic response to market conditions reflects the company’s focus on providing value and support to their customers. As the year unfolds, it will be interesting to see how Keystone further adapts to evolving market conditions, and how these changes will ultimately benefit landlords seeking mortgage solutions.