Keystone reintroduces green mortgages and cuts rates in range overhaul

Keystone Property Finance has reintroduced green mortgages to its range and cut all of its five-year fixed rates by up to 15 basis points as part of a product overhaul.

Following the reductions, Keystone’s 65% LTV five-year fixed rates now start at 5.89% while its 75% LTV five-year fixed rates start at 5.99%.

The specialist buy-to-let lender’s four new green mortgages are all available up to 80% LTV, with rates starting at 6.14% for a fee of 5.5%. To qualify, landlords must be purchasing or refinancing a property with an EPC rating of either A or B.

The lender has also launched new two-year product transfer and switch & fix products as well as a new suite of specialist five-year expat deals for those purchasing or refinancing an HMO or MUFB.

It means now the lender’s two-year product transfers start at 7.44%, while its switch & fix range is available from 6.54% and its new five-year expat range from 6.59%.

Elise Coole, managing director at Keystone Property Finance, said: “This is a major product refresh for us, one that makes our proposition even more competitive in the specialist end of the market. In addition to these updates, we have also simplified our product range titles to help brokers find the best solution to their buy-to-let cases as efficiently as possible.

“While swap rates remain much higher than they were a year ago, they have stabilised of late, allowing us to pass on these rate reductions to brokers and their clients today. If market conditions allow us to make further cuts, we won’t waste any time in doing so.

“We’re thrilled to be able to reintroduce a new suite of green mortgages, which reward landlords purchasing or remortgaging properties with high EPC scores. As a green mortgage pioneer, we are committed to playing our part in helping make the UK’s ageing housing stock more energy efficient.

“While the market outlook remains uncertain, we retain a strong appetite to lend and will continue to sharpen up our range as market conditions allow.”