Keystone Mortgages reduces BTL rates

Their 5 year fixed rates now start from 5.04% (5.4% APR) and their 3 year discounted trackers from 4.59% (5.3% APR).

Keystone is an intermediary only lender which has mortgages designed to meet the needs of existing landlords with more complex borrowing requirements.

Amongst its products it has deals designed specifically for HMOs and multi-units, and caters to individual landlords as well as those who prefer to invest using a corporate vehicle. Unlike many of the mainstream buy to let lenders, Keystone will lend to trading limited companies and property developers.

Commenting on the re-price, David Whittaker, managing director of Keystone said:

“Since February, investors have responded well to our improved offering, particularly the 80% LTV rates in the Classic Range and the higher loan amounts – to £1m – in the Premier Range.

“Our products have always been criteria rather than rate-led offerings but we have been in talks with Aldermore, (which funds Keystone), and are delighted to announce that the Bank has found room in its margins to re-price downwards. This should make both ranges even more attractive to landlords.”