Keystone cuts three and five-year rates

Published on

Keystone Property Finance has cut its three and five-year fixed rates in the standard and specialist range by 21 basis points.

The lender is now offering a three-year fixed rate starting from 3.14%, and five-year fixed rates from 3.24%.

Two-year fixed rates will not be changing, they start at 2.99%.

These products are available to landlords purchasing individually or via a limited company structure. The specialist buy-to-let range is available on HMO and multi-unit properties.

Keystone’s Cashback Purchase Only product range is being withdrawn on 31 May after running since 4 March.

Keystone’s CEO, David Whittaker, said: “I am confident these new rates will be popular with brokers when faced with complex buy-to-let enquiries in which Keystone specialises.

“We hope these new rates will help brokers looking to complete their clients deals in time for their summer break.

“We’ve focused the rate reductions on 3 and 5 year rates to help brokers offer their property investors the ability to lock into longer term fixed rates given current political uncertainty.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Energy-efficient homes ‘may carry higher climate risks’

Some of the UK’s more energy-efficient homes could face greater long-term exposure to flooding...

New towns plan may help supply but risks falling short, says former RICS chair

The government’s announcement of seven proposed new towns has been broadly welcomed as a...

Buy-to-let mortgage rates rise as landlords face fresh cost pressures

Buy-to-let mortgage rates have risen sharply this month, while landlords are also facing further...

Virgin Money to take mortgage application systems offline for five days

Virgin money has announced that its Virgin Money and Clydesdale online application platforms will...

Parental support for adult children is reshaping retirement plans

Three in five parents with children aged over 18 are providing financial support, with...

Latest publication

Other news

Energy-efficient homes ‘may carry higher climate risks’

Some of the UK’s more energy-efficient homes could face greater long-term exposure to flooding...

Mutual strength and the broker partnership

The mutual sector has always been associated with community purpose, local branches and a...

New towns plan may help supply but risks falling short, says former RICS chair

The government’s announcement of seven proposed new towns has been broadly welcomed as a...