The specialist BTL lender Keystone Property Finance has slashed rates across its entire range of products.
The biggest reductions are in the lender’s ex-pat and holiday let ranges, where it has cut rates by 65bps and its complex five-year fixed rates by 55bps.
The lender’s Switch & Fix products — which allow existing Keystone variable rate borrowers to switch to a fixed rate with minimal fees — have been lowered by 55bps.
Product transfer deals have also been reduced by 50bps, while its classic range has decreased by up to 40bps.
David Whittaker, CEO at Keystone Property Finance, commented: “The market has been in a state of flux recently which has been challenging for lenders, intermediaries and their clients, so we are very pleased to be able to announce a range of sweeping rate reductions.
“The downward movement in swap rates and the headline rate of inflation means we are now in position to make positive changes to our full range of products.
“We worked hard to ensure these reductions were passed over to our brokers as soon as possible, which is why we made them available over the weekend.”
