This means Keystone’s standard five-year fixed rates now start at 5.24% and its five-year specialist products start at 5.44%.
The lender has also reduced its two-year product transfer and Switch & Fix fixed rates by 0.15% and all five-year fixed rates in these ranges by 0.20%.
Following the cuts, Keystone’s two- and five-year product transfer deals start at 6.79% and 6.24%, respectively, while its two- and five-year Switch & Fix rates now start at 7.24% and 6.44%.
Elise Coole, managing director, at Keystone Property Finance, says:
“The Bank of England’s Monetary Policy Committee voted to hold rates for the second consecutive month on Thursday. Less than 24 hours later, we’ve reduced our rates."
“We hope that demonstrates to brokers and their clients that we don’t hang around and as soon as conditions allow we reduce our rates.’’
