Keystone cuts five-year BTL rates

Keystone Buy to Let Mortgages has reduced its five-year fixed rates by 0.20% in both its Classic and Premier Ranges.

The Premier range offers mortgages of £600,000 to £1m to 70% loan to value and rates now start from 5.29% for standard properties including new build flats and houses which can be difficult to place. Options for multi-unit properties are also available.

In the Classic range five-year fixed rates now start at 5.49% at 75% LTV for standard property. Other options are also available for HMOs and multi-units, and for loans up to 80% LTV.

David Whittaker, managing director of Keystone Buy to Let Mortgages, said: “Our products are criteria rather than price led but being able to reduce the five-year fixed rates demonstrates our all-round commitment to support landlords in a market with rates at an all-time low.”

Keystone aims to give a home to buy-to-let deals that won’t fit most other lenders. Products are designed specifically to work for landlords with more complex borrowing requirements such as those financing through trading limited companies or who make associated transactions.