Keystone Property Finance cuts rates by up to 15bps

Keystone Property Finance has reduced rates by up to 15 basis points across its product range.

The reductions are as follows:

• Standard two-year fixed rates by 10 basis points, so rates now start at 4.14%,
• Specialist two-year fixed rate (6 occupants/units) by 15 basis points, so rates now start at 4.19%,
• Expat range by 5 basis points, so rates now start at 4.79%,
• Holiday let range by 5 basis points, so rates now start at 4.94%.
• Product transfers and PT+ products by 5 basis points, so rates now start at 4.99%,
• Switch & Fix by 5 basis points, so rates now start at 5.69%.

The lender also cut its rates ahead of the latest Bank of England rate decision, making it the second time this month it has reduced borrowing costs for landlords.

Elise Coole, managing director of Keystone Property Finance, said: “At Keystone, we’re dedicated to making sure brokers and their clients benefit from positive market shifts as soon as possible. With recent drops in SWAP rates, which play a key role in setting fixed-rate pricing, we are delighted to be able to pass on savings of up to 15 basis points directly to borrowers.

“We’ve made a promise to act quickly when conditions allow and we’re proud to keep that promise. These rate cuts ensure Keystone remains highly competitive in the specialist mortgage market, offering a range that stands strong against anything else out there.”