Keystone Property Finance has reduced its complete range of fixed rate mortgages by up to 20 basis points.

The lender has cut every product in its standard range by 20 basis points and all of the deals in its specialist, ex-pat and holiday let ranges by 15bps, 10bps and 20bps, respectively.

It means Keystone’s lowest rate is now a 5.64% five-year fix, which is available on standard properties, up to 65% LTV and for a 4% arrangement fee.

Keystone also has a range of five-year fixes that come with a 3% arrangement fee and a slightly higher rate. These now start at 5.89% following the reductions.

The lender continues to allow any borrower who has completed on a variable rate loan since September to move onto selected fixed rate deals using its ‘switch & fix’ initiative.

Elise Coole, managing director at Keystone Property Finance, said: “We really wanted to hit the ground running in 2023 and I think that we’ve proved that by cutting our fixed rate range not once, but twice so far this year.

“When conditions allow us to reduce our rates, we don’t wait around to pass those cost savings onto landlords, which is why we have been so active in the first three weeks of 2023.

“We are constantly keeping an eye on markets and we will continue to make improvements, whether through rate reductions or criteria enhancements, wherever we possibly can.

“Our message to brokers is simple: we’re well-funded and have a large appetite to lend this year, so come and talk to us. We’re certain we have a solution for you and your clients.”