Keystone’s latest rate reductions extend across new and existing business

Published on

Keystone Property Finance has introduced a further round of rate cuts across its new business and product transfer ranges, just days after announcing reductions on the same products.

The specialist buy-to-let lender has reduced rates by 5 basis points across all new business products, covering its Standard, Specialist, Ex-pat and Holiday Let ranges.

Rates on its Product Transfer and PT Plus products have been cut by 10 basis points.

The latest move follows a reduction last week of 5 basis points across both new business and product transfer products.

In total, Keystone has lowered pricing by 10 basis points on new business products and by 15 basis points on its Product Transfer and PT Plus ranges over the past week.

Following the changes, rates now start from 2.74% for Standard products, 2.79% for Specialist, 4.09% for Ex-pat and 4.84% for Holiday Let. Product Transfer and PT Plus rates begin at 4.44%.

The lender said the decision reflects improving market conditions and a focus on maintaining competitive pricing for both new and existing landlord clients.

Elise Coole (pictured), managing director at Keystone Property Finance, said: “We’re pleased to be able to reduce rates again so soon after last week’s changes.

“As market conditions continue to improve, we’re focused on moving quickly to ensure brokers and their clients benefit from lower pricing as soon as possible.

“By cutting rates across both new business and our PT and PT Plus ranges, we’re supporting landlords at every stage of their journey.

“Whether they are expanding their portfolios or reviewing their existing borrowing arrangements.”

The reductions apply immediately and form part of Keystone’s wider strategy to support brokers and landlord borrowers navigating a competitive buy-to-let market.

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

The Vernon hires internal BDM to expand intermediary reach

Vernon Building Society has appointed Damien Sabbaghe as intermediary business development manager as it...

Coventry trims first-time buyer and limited company buy-to-let rates

Coventry for intermediaries has cut selected mortgage rates for first-time buyers and limited company...

TRM adds to PMI team with supervision & development manager hire

The Right Mortgage & Protection Network has appointed Gemma Penkethman as PMI supervision &...

Rental yields rise across England and Wales as buy-to-let market enters more volatile period

Rental yields increased annually in every region of England and Wales in the first...

Pure Retirement targets introducer growth with new adviser marketing tools

Pure Retirement has launched a suite of introducer-focused resources aimed at helping advisers expand...

Latest publication

Other news

The Vernon hires internal BDM to expand intermediary reach

Vernon Building Society has appointed Damien Sabbaghe as intermediary business development manager as it...

Coventry trims first-time buyer and limited company buy-to-let rates

Coventry for intermediaries has cut selected mortgage rates for first-time buyers and limited company...

TRM adds to PMI team with supervision & development manager hire

The Right Mortgage & Protection Network has appointed Gemma Penkethman as PMI supervision &...