Keystone reduces rates across all product ranges

Keystone Property Finance has announced a new round of rate reductions across its new business and product transfer ranges.

The specialist lender will reduce rates by 5 basis points across all new business products, including its standard, specialist, expat and holiday let ranges. Keystone will also reduce rates by 10 basis points across its product transfer and PT Plus ranges.

These latest changes follow recent rate reductions of 5bps across its new business and product transfer ranges. This most recent cut takes the total reduction in the past week to 10bps on its new business products and 15bps on its PT and PT Plus range.

Following the changes, standard rates now start from 2.74%, specialist rates from 2.79%, expat rates from 4.09%, holiday let rates from 4.84%, and product transfer rates from 4.44%.

Elise Coole, managing director at Keystone Property Finance, said: “We’re pleased to be able to reduce rates again so soon after last week’s changes. As market conditions continue to improve, we’re focused on moving quickly to ensure brokers and their clients benefit from lower pricing as soon as possible.

“By cutting rates across both new business and our PT and PT Plus ranges, we’re supporting landlords at every stage of their journey. Whether they are expanding their portfolios or reviewing their existing borrowing arrangements.”