Keystone Property Finance has reduced all rates in its classic range by 10 basis points and had its Libor rate revised downwards to 0.29 per cent.
Pricing in the specialist lender’s Classic Range now starts at 3.59 per cent for a three-year fixed rate at 65 per cent loan-to-value (LTV), which is available on standard buy-to-let property.
Options are also available at 75 per cent and 80 per cent LTV, along with rates designed specifically for houses of multiple occupation and multi-unit blocks.
Chief executive David Whittaker said: “We are delighted to be able to accommodate a price cut within the Classic Range.
“Landlords using trading limited companies as borrowing vehicles will be particularly pleased with the reduction as we are currently the only buy-to-let lender not to require a fixed and floating charge or debenture.”
Keystone’s Classic Range buy-to-let mortgages are available to both individuals and limited companies.
Bob Riach, owner at Scunthorpe-based Riach Financial Advisers, said: “It is not a bad rate, but there are better out there.
"As a specialist lender, it is good to see they are giving competitive interest rates.”
simon.allin@ft.com
