Keystone cuts five-year fixed rates by up to 30bps

Keystone Property Finance has reduced rates on all five-year fixed rate buy-to-let products in its ‘classic’ range by up to 30 basis points.

The lowest five-year fixed rate in the range now starts at 4.94% and is available to landlords with standard properties up to 75% LTV with a 4.5% arrangement fee.

The biggest reductions are in the lender’s specialist range, with two of its 4.5% fee products cut by 30 basis points, now priced at 5.04% and 5.14% at 65% and 75% LTV respectively.

Last month, Keystone announced reductions to its classic range of two-year fixed rate products. It lowered rates by up to 40bps on its 4.5% fee products, while its 3.5% and 2.5% fee products were cut by 30bps and 20bps, respectively.

Elise Coole, managing director at Keystone Property Finance, said: “The promise we give to brokers is that we will always do our best to bring rates down quickly whenever the opportunities arise.

“After making changes to our ‘classic’ two-year fixed rate pricing, we were eager to extend this to our five-year fixed rate products and are pleased that we have been able to do that so soon.

“We created our new two tier offering of ‘classic’ and ‘specialist’ products to make it as easy and straightforward for brokers and their clients as possible.

“As well as enhancing the customer experience, we are also committed to offering the most competitive rates to landlords when market conditions allow.”