Keystone cuts buy-to-let rates by up to 0.25%

Keystone Property Finance has cut its entire fixed rate buy-to-let range by up to 25 basis points.

The lender has reduced its new Summer Special range by up to 25 basis points, standard ranges by 5 basis points, its specialist range by up to 15 basis points, expat ranges by up to 20 basis points and its product transfer range by 25 basis points.

Additionally, the lenders new PT+ range, which allows product transfer customers to borrow additional capital, has been reduced by up to 25 basis points.

Elise Coole, managing director of Keystone Property Finance, commented: “While many lenders will be waiting for Monetary Policy Committee’s decision before making a call on whether to reprice, we’re able to pass on significant savings to landlords regardless of the outcome.

“SWAP rates – which ultimately determine the cost of fixed rate mortgages – have eased off recently, giving us slack to sharpen our already competitive range.

“Our mantra as a lender is to pass on savings wherever possible and as quickly as possible so that brokers and their clients get maximum benefit. Hence why we have decided to announce these reductions ahead of the MPC’s decision.

“We will continue to do that and hope to be in a position to pass on even greater savings to borrowers in the near future.”