"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."
- Elise Coole, managing director of Keystone Property Finance
Keystone Property Finance has announced rate reductions of up to 15 basis points across its buy-to-let product range.
Its standard two-year fixed rates have reduced by 10bps and now start from 4.14%, while specialist two-year fixes (6 occupants/units) are down by 15 basis points, starting at 4.19%.
Its expat and holiday let products have both reduced by 5bps, now available from 4.79% and 4.94% respectively.
Product transfer products have also reduced by 5bps, with the lowest rate now 4.99%, while Switch & Fix products start from 5.69% after 5bps reductions.
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, commented: “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."
