Keystone Property Finance cuts rates by up to 0.15%

Keystone Property Finance has reduced rates on selected products by up to 15 basis points.

The specialist lender has reduced rates by up to 15 bps across its standard, specialist, cashback, expat and holiday let ranges.

It has also reduced products in its product transfer, PT Plus, and Switch & Fix ranges by up to 10 bps.

Following the repricing, standard rates now start from 3.24% and specialist rates from 3.29% at 70% LTV.

At 65% LTV, cashback products start from 4.59%, expat products from 4.74%, holiday let from 4.89%, product transfer rates from 4.89%, and Switch & Fix rates from 6.19%.

Keystone has also updated its cashback range, removing two-year products from the offer and updating the tiers for its five-year cashback products to the following:

• Loans between £125,001 and £250,000 are eligible for £350 in cashback,
• Loans between £250,001 and £500,000 are eligible for £650,
• Loans between £500,001 and £1,000,000 are eligible for £1,000,
• Loans between £1,000,001 and £2,500,000 are eligible for £1,500.

David Whittaker (pictured), CEO of Keystone Property Finance, commented: “In a period of geopolitical uncertainty, we’re delighted to be able to pass on concrete benefits in the form of rate reductions to brokers and their landlord clients. Although the market remains unpredictable, at Keystone we’re committed to acting quickly to provide the best possible rates whenever we can.
 
"We’re conscious of the practical and financial challenges that landlords currently face and, looking ahead, we will remain committed to offer the most competitive products we can at all times. We hope today’s cuts offer some relief to landlords at what is a hugely uncertain time."