Keystone Property Finance, Foundation Home Loans and Kent Reliance have all made cuts across their BTL product ranges.
Keystone Property Finance
Keystone has lowered rates for a third consecutive week with products reduced by up to 20bps.
The changes mean that the specialist BTL lender’s standard range now starts from 4.64% for a two-year fix and 5.14% for a five-year fix.
Keystone has also reduced its two-year product transfer and standard switch and fix fixed rates by 15bps and all five-year fixed rates in its specialist, switch and fix and ex-pat and holiday lets product ranges by 5bps.
Following the cuts, Keystone’s product transfers now start from 6.09%, while its ex-pat and holiday let ranges start from 6.19%.
Elise Coole, managing director at Keystone, said: “We hope that the series of rate cuts that we have made in quick succession gives confidence to the market.
“We take a flexible approach to pricing and will always endeavour to pass savings on to brokers and their clients whenever we can.
“In this case, we have been able to apply reductions right across our range giving all customers more competitive lending options.”
Foundation Home Loans
Specialist lender Foundation Home Loans has today (Friday 17th November) reduced rates across its BTL product range.
Within its BTL core product range, Foundation has made rate cuts of up to 30bps, with its F1 — for clients with an almost clean credit history — Green five-year fixed-rate mortgage reduced by 0.3%, with rates starting at 6.29%, with a 1.25% fee, a free valuation and no application fee.
It has also made a similar price reduction to two- and five-year fixes for all other borrower tiers; F2 – those with recent credit blips — F3 — those with credit problems in the past 12 months and F4 — those with no significant adverse in the last six months.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “Now we are able to announce a full review of our core ranges, making rate cuts of up to 30 bps for BTL borrowers.
“We continue to support those landlord borrowers who have properties with an EPC level above C, as it is clearly beneficial to have housing stock which is as energy efficient as possible, particularly after a period when household energy bills have been so high.
“At the same time, we have cut rates on our HMO, large HMO and short-term let products for landlord borrowers.”
Kent Reliance
Kent Reliance for Intermediaries, part of OSB Group, has made several changes to its BTL product range.
Rates up to 75% LTV have been reduced by up to 30bps on its existing BTL range.
The lender has also introduced new 70% BTL limited edition products with rates from 4.59%.
