Specialist BTL lender Keystone Property Finance has reduced its rates on all five-year fixed-rate products in its ‘classic’ range by up to 30bps.
The lowest five-year fixed rate in the range now starts at 4.94% and is available up to 75% LTV with a 4.5% arrangement fee for landlords with standard properties.
The biggest reductions are in the lender’s specialist range, with two of its 4.5% fee products cut by 30bps.
They are now priced at 5.04% and 5.14% — down from 5.34% and 5.44% — and set at 65% and 75% LTV.
Last month, the Kent-based finance provider announced major reductions to its classic range of two-year fixed-rate products.
Elise Coole, managing director at Keystone, said: “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.”
In addition to its ‘classic’ range, Keystone also offers a ‘specialist’ offering for landlords with more complex financing needs.
