Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Keystone Reduces Fixed Rate Buy-to-Let Mortgage Rates by 15 Basis Points

Keystone Property Finance has announced a 15 basis point reduction in rates across its fixed rate buy-to-let (BTL) mortgage product ranges. The changes apply to both two- and five-year fixed rate products.

The lender stated that the rate cuts are intended to keep its offerings competitive and accessible. The new rates are available across Keystone’s Standard, Specialist, Ex-pat, Holiday Let, Product Transfer/Product Transfer Plus, and Refurb to Let Exit options.

According to the report, rates now start from 3.44% for standard deals at 70% loan to value (LTV), and from 3.49% for specialist deals at the same LTV. Expat mortgages at 65% LTV begin at 4.79%, while holiday let rates start at 5.54% at 65% LTV. Product transfer and PT Plus rates begin at 5.09% at 65% LTV, with refurb to let exit pricing at the same level.

Keystone Property Finance recently introduced a new range of two-year tracker products, and the company says it is maintaining these alongside the reduced fixed rates.

These changes may be relevant to UK letting agents and inventory clerks who work with landlords seeking competitive mortgage products for buy-to-let properties, including specialist and holiday let sectors.