"This range gives landlords an extra option and allows those struggling with affordability to achieve higher levels of leverage."
- Elise Coole, managing director of Keystone Property Finance
Keystone Property Finance has launched a limited edition ‘summer special’ range with rates starting at 3.79%.
The new product set contains two and five-year fixed rates for both standard and specialist properties, such as HMOs and multi unit properties.
Each product comes with a higher 7% arrangement fee, which has allowed Keystone to offer lower loan rates to landlords.
For standard properties, two-year fixed rates start at 3.79% up to 70% LTV, with five-year fixes at 4.59% up to 65% LTV and 4.69% up to 75% LTV.
For HMOs and multi unit properties with 1-6 occupants/units, a two-year fix is available from 3.89% at 70% LTV, while five-year fixes start from 4.84% at 65% LTV and 4.94% at 75% LTV, both available for first-time landlords.
The range also contains two five-year fixed rates for specialist HMOs and multi unit properties with 7-15 occupants/units, with rates starting at 5.09%.
Elise Coole, managing director of Keystone Property Finance, commented: “We are thrilled to announce the launch of our new limited edition 'summer special' product range, which has been designed to ease affordability issues for landlords at a time when SWAP rates remain elevated.
“Offering a range with higher fees has allowed us to significantly reduce our rates, which now start at a highly competitive 3.79%.
“This range gives landlords an extra option and allows those struggling with affordability to achieve higher levels of leverage.
“Our limited edition summer special range once again demonstrates our commitment to supporting our brokers and their clients with innovative solutions that meet their needs."
