Keystone Property Finance has announced that it has reduced buy-to-let rates by 15 basis points across its fixed-rate product ranges and expanded lending criteria for larger HMO and multi-unit properties.
The changes affect the specialist lender's two-year and five-year fixed-rate products, with the reductions following recent falls in swap rates that have enabled the lender to improve pricing.
The latest update applies across several buy-to-let rate ranges, including Standard, Specialist, Ex-pat, Holiday Let, Product Transfer/Product Transfer Plus and Refurb to Let Exit products.
Buy-to-let rates fall across fixed products
Alongside the pricing changes, Keystone has increased the maximum number of occupants or units permitted under its HMO and multi-unit criteria from 15 to 20.
The lender said it continues to offer a broad range of options for landlords and brokers, including its two-year tracker products and recently launched semi-commercial range, both of which remain available at existing pricing levels.
Following the reductions, buy-to-let rates across Keystone's range now start from:
- Standard: 3.29% at 70% LTV
- Specialist: 3.34% at 70% LTV
- Ex-pat: 4.64% at 65% LTV
- Holiday Let: 5.39% at 65% LTV
- Product Transfer/Product Transfer Plus: 4.99% at 65% LTV
- Refurb to Let Exit: 4.99% at 65% LTV
“We are always reviewing our product range in line with market changes and, following the recent reductions in SWAP rates, we have moved quickly to pass on improvements in pricing to our brokers," said Elise Coole, managing director at Keystone Property Finance (pictured).
“With many buy-to-let landlords focusing on their options in a changing market, it is vital that brokers have access to competitive pricing across a broad range of solutions. These latest reductions are designed to provide greater choice and increased confidence when placing cases.
“As always, we will continue to pass on reductions wherever possible, and as quickly as we can. Brokers and borrowers turn to Keystone for flexibility and choice with their buy-to-let cases, and making updates such as these is a key part of how we continue to support them."
The latest changes further expand the lender's buy-to-let rates proposition, combining lower pricing with broader eligibility criteria for landlords operating larger HMO and multi-unit portfolios.
