Keystone Property Finance has launched a new product range for purchase applications only, offering a cashback incentive.
The buy-to-let lender’s new range includes a £1,250 cashback on loans between £250,001 and £1m.
In addition, there is a £750 cashback on offer on loans less than or equal to £250,000.
The cashback on the purchase-only product range, which runs to the end of next month, will be paid at time of completion on both products.
The product range, which is available to both individuals and limited companies, also includes a 2.99% two-year fix at 65% loan-to-value (LTV), a 3.15% two-year fix at 75% LTV, a 3.14% three-year fix at 65% LTV, a 3.44% three-year fix at 75% LTV, a 3.24% five-year fix at 65% LTV as well as a 3.54% five-year fix at 75% LTV.
Phil Riches, sales and marketing director at Keystone Property Finance, commented: “After running the cashback range for almost two months we received a lot of positive feedback from brokers and have decided to reintroduce this purchase-only range.
“This range will mirror the standard and specialist rates which were reduced on 28 May, to continue assisting brokers and their clients purchasing in the buy-to-let market.”