Keystone Property Finance has reintroduced green mortgages to its range and cut all of its five-year fixed rates by up to 15bps as part of a major product overhaul.
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 BTL 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%.
Landlords must be purchasing or refinancing a property with an EPC rating of either A or B to qualify.
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 that the lender’s two-year product transfers now 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, commented: “This is a major product refresh for us, one that makes our proposition even more competitive in the specialist end of the market.
“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.
“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.”
