Keystone Property Finance has reduced all of its fixed rates in its classic range of mortgages.
Five year fixed rates now start at 3.99 per cent for 75 per cent loan-to-value while three year fixed rates have been reduced by 20 basis points. These now start at 4.09 per cent for 75 per cent LTV.
The range also offers five and three-year fixed rate options to 80 per cent LTV for standard buy-to-let property. Rates for 75 per cent are on offer for houses of multiple occupation and multi-units.
David Whittaker, chief executive of Keystone said: “We are delighted to be able to get our five year pricing down to sub-4 per cent. This means that we can now really compete on price as well as criteria.
“As there has been little difference in three and five year swaps of late, we decided to apportion the biggest reduction to the five year fixed rates.
“This will give borrowers a longer period of security and save them the costs involved with having to remortgage sooner.”
Keystone’s pricing model offers the same rates to both individuals and corporate borrowers. The classic range is available to trading limited companies as well as special purpose vehicles.
The news follows Keystone’s appointment of Moises Cruickshank as southern business manager, who will be working alongside Phil Riches and Julie Priest, supporting brokers and intermediaries.
