Keystone Property Finance has cut rates on all five-year fixed-rate products for landlords in its Classic range by up to 30 basis points.
The buy-to-let lender says the lowest five-year fixed-rate loan in the range now starts at 4.94%, available to landlords with standard properties, at up to 75% loan to value, with a 4.5% arrangement fee.
It says the biggest reductions are in its specialist range, with two of its 4.5% fee products cut by 30bps. The loans are priced at 5.04% and 5.14% at 65% and 75% LTV, respectively.
Last month, the business cut rates for landlords across all two-year fixed-rate products in its Classic range by up to 40 basis points.
In addition to this range, the firm also offers a Specialist offering for landlords with more complex financing needs.
Keystone Property Finance managing director says Elise Coole: “After making changes to our Classic two-year fixed-rate pricing, we were eager to extend this to our five-year fixed-rate product and are pleased that we have been able to do that so soon.
“We created our new two-tier offering of Classic and Specialist products to make it as easy and straightforward for brokers and their clients as possible.
“As well as enhancing the customer experience, we are also committed to offering the most competitive rates to landlords when market conditions allow.”
