Keystone Property Finance has launched a new product range for buy-to-let purchase applications only.

The range offers a cashback incentive, while the products mirror the new standard and specialist rates which were reduced on 28 May 2019.

The cashback purchase only range will offer a £1,250 cashback on loans between £250,001 and £1m and of £750 on loans less than or equal to £250,000. The cashback will be paid at time of completion.

The product ranges remain available to both individuals and limited companies.

Keystone’s cashback purchase only product range runs to 31 July 2019.

Phil Riches, Keystone’s sales and marketing director, said: “After running the cashback range for almost two months we received a lot of positive feedback from brokers and have decided to reintroduce this purchase only range.

“This range will mirror the standard and specialist rates which were reduced on 28 May, to continue assisting brokers and their clients purchasing in the buy-to-let market.”