Keystone Property Finance has reduced rates across its fixed rate buy-to-let (BTL) mortgage ranges by 0.15% following recent falls in swap rates.
The reductions apply across the lender’s 2- and 5-year fixed rate products, including its Standard, Specialist, Ex-pat, Holiday Let, Product Transfer, Product Transfer Plus and Refurb to Let Exit ranges.
Keystone said its 2-year tracker products remain unchanged and continue to offer options for landlords looking to track the Bank of England base rate.
Rates across the lender’s ranges now start from 3.44% at 70% loan-to-value (LTV) for Standard products and 3.49% at 70% LTV for Specialist products.
Ex-pat products now start from 4.79% at 65% LTV, while Holiday Let products begin at 5.54% at 65% LTV.
Product Transfer, Product Transfer Plus and Refurb to Let Exit products all now start from 5.09% at 65% LTV.
Elise Coole (pictured), managing director at Keystone Property Finance, said: “We continually review our product range in line with market developments and following the recent reduction in SWAP rates, we have moved quickly to lower pricing across our fixed rate products.
“Market conditions remain changeable, so it is important that brokers have access to a broad range of options for their clients.
“By reducing our fixed rates while maintaining our tracker products, we continue to offer brokers greater choice when looking at both short and longer term options.
“Our focus, as always, is on responding swiftly where market conditions allow. Brokers need clarity and certainty when placing cases. These reductions ensure our products remain both competitive and accessible.”