Mortgages  

Buy-to-let lender cuts rates by up to 0.25 percentage points

Buy-to-let lender cuts rates by up to 0.25 percentage points

Buy-to-let lender Keystone Property Finance has dropped its rates by up to 0.25 percentage points and launched a larger loan cashback offer.

The rate reductions mean that Keystone’s core range now starts at 3.09 per cent.

In addition, its green mortgage range, which launched in March and offers discounted rates to landlords who make their homes more energy efficient, starts at 2.99 per cent.

Article continues after advert

As part of its product range overhaul, the lender has also launched a cashback offer on loans of more than £200,000.

Upon completion, landlords will receive £750 cashback on loans between £200,000 and £500,000 and £1,000 cashback on loans between £500,001 and £1m. 

Elise Coole, managing director of Keystone Property Finance, said: “We are cutting our rates and launching our cashback offer, not only to ensure our range is highly competitive but also to give something back to landlords after what has been a difficult year. 

“It’s just a small gesture, of course, but we hope one that will make a difference to landlords who borrow from us."

Coole added: “Our value proposition is not simply about product pricing and incentives; we feel it is even more important to ensure we listen to our brokers and provide the top-class service and customer journey that they have come to expect. 

“This is something that we will continue to do to ensure we can support brokers and their landlord clients' complex buy-to-let needs.”

amy.austin@ft.com

What do you think about the issues raised by this story? Email us on FTAletters@ft.com to let us know