Keystone Property Finance has reduced a series of mortgage products by up to 20 basis points and reinstated a fee option.

The specialist buy-to-let lender has reduced its two-year standard fixed rates by 15 basis points, meaning the range now starts at 3.24%.

It has also cut its specialist (1-6 occupants/units) two-year fixed rates by 15 basis points, with the range now starting at 3.29%.

As well as cutting its two-year fixed rates, Keystone has also lowered its Switch & Fix products, which allows variable rate borrowers to switch fee-free at any time to a fixed rate, by 20 basis points. The range now starts at 5.24%.

In addition, the lender has reintroduced its 7% arrangement fee option. This fee option is available at 70% LTV across both two and five-year fixed rates.

Elise Coole, managing director of Keystone Property Finance, said: “We’re excited to announce a significant reduction in rates. It means we can offer even more competitive options to brokers and their landlord clients. As ever, we are committed to ensuring that reduced borrowing costs are passed on to borrowers as soon as possible, so we remain a step ahead in delivering value to the market.

“We are also delighted to reintroduce our 7% arrangement fee option, which we have brought back following high demand from brokers. This option provides landlords with the flexibility they need to manage affordability and achieve the leverage they’re looking for.”