"Whilst we prefer to concentrate on getting our criteria right in today’s specialist buy-to-let market, we are always delighted to announce a price cut."
Keystone's rates now start from 3.19% for a two-year fixed rate at 65% LTV on a standard buy-to-let property. The range also includes options at 75% and 80% LTV, as well as rates designed specifically for HMOs, multi-unit blocks and for landlords with light adverse credit, all available to both individuals and limited companies.
Foundation Home Loans is offering new two-year fixed rates starting at 2.79% and a five-year fixed from 3.44%, at an interest cover ratio of 145% for individuals and 125% for limited companies.
Foundation Home Loans has also upgraded its HMO five-year fixed rate offering which now starts from 3.54%.
Keystone's CEO, David Whittaker, said: “Whilst we prefer to concentrate on getting our criteria right in today’s specialist buy-to-let market, we are always delighted to announce a price cut.
"We hope the new rates will be a further incentive to brokers to recommend Keystone to their landlord clients now, particularly as it can only be a matter of time before we see a hike in Bank Rate which will lead to the inevitable rise of interest rates generally."
Andrew Ferguson, commercial director at Foundation Home Loans, commented: “Within the market place, we are becoming recognized for our limited company and portfolio landlord proposition and wanted to make absolutely sure the needs of our landlord clients were being met. With our limited company range offering a competitive ICR of 125%, we anticipate our products will continue to draw mass appeal.”
