Keystone Property Finance has just slashed rates across its entire buy-to-let product range, meaning lower monthly payments for landlords.
What’s changed?
Keystone has cut rates by up to 15 basis points, which might sound small, but it can mean big savings over the long term. Here’s a breakdown of the new rates:
- Standard Two-Year Fixed Rates: Down 10bps, starting from 4.14%
- Specialist Two-Year Fixes (6 occupants/units): Down 15bps, starting from 4.19%
- Expat Products: Down 5bps, now available from 4.79%
- Holiday Let Products: Down 5bps, now available from 4.94%
- Product Transfers: Down 5bps, with the lowest rate now 4.99%
- Switch & Fix Products: Down 5bps, starting from 5.69%
Why the Rate Cuts?
The rate cuts come after recent drops in SWAP rates. These rates are used to set the prices of fixed-rate mortgages, so when they fall, lenders can pass on the savings to their customers. Keystone is clearly committed to helping landlords take advantage of these positive market shifts.
Keystone’s Commitment to Landlords
Elise Coole, managing director of Keystone Property Finance, said: “At Keystone, we’re dedicated to making sure brokers and their clients benefit from positive market shifts as soon as possible… We’ve made a promise to act quickly when conditions allow and we’re proud to keep that promise.”
What Does This Mean For You?
These cuts mean that you could be paying less each month on your buy-to-let mortgage. This could mean more cash in your pocket to invest in your properties or simply help you manage your finances better.
If you’re thinking about taking out a buy-to-let mortgage or refinancing your existing one, now might be a good time to speak to a mortgage broker and see what deals are available.