Keystone Buy to Let Mortgages has cut its rates for limited company applications by 2bps.

This is its second reduction in two months.

Keystone is one of the few lenders that accepts applications from trading limited companies as well as SPVs and LLPs.

David Whittaker (pictured), managing director of Keystone, said: “For some time now, the number of landlords using limited companies to finance their rental properties has been increasing steadily.

“So when Aldermore, which funds the Keystone products, made an additional, restricted tranche of funds available to us, we knew exactly where it should be allocated.”