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Keystone’s Cashback Purchase Only product range is being withdrawn on 31 May after running since 4 March.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

UK house prices fall at fastest rate in nearly a year

UK house prices fell by 2.7% in April, the sharpest monthly drop since mid-2024,...

Most brokers dismissive of BoE economist’s rate-cut warning

The vast majority of mortgage intermediaries have rejected the Bank of England chief economist...

Prime London property market slows in May as buyers and renters show caution

The prime London property market endured a muted May, with sales volumes and lettings...

Third of SMEs forced to pause business activity due to lack of finance

Nearly one in three UK small and medium-sized enterprises have been forced to stop...

Cost of setting up a home ‘falls below inflation’

The cost of establishing a new home has risen at a significantly slower pace...

Latest opinions

FCA’s mortgage rule changes: it’s time to raise the advice bar, not drop it

The FCA’s move to relax some of the rules around mortgage switching and term...

Tom Bill: Unintended consequences

Former Prime Minister William Pitt the Younger introduced a brick tax in 1784 to...

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

Other news

UK house prices fall at fastest rate in nearly a year

UK house prices fell by 2.7% in April, the sharpest monthly drop since mid-2024,...

Most brokers dismissive of BoE economist’s rate-cut warning

The vast majority of mortgage intermediaries have rejected the Bank of England chief economist...

Prime London property market slows in May as buyers and renters show caution

The prime London property market endured a muted May, with sales volumes and lettings...