Keystone Buy to Let Mortgages has reduced all of its three-year discounted products by 0.3 per cent, with rates now starting at 4.98 per cent.
The reduction in rates is due to Aldermore Bank resetting its Libor down from 1.05 per cent to 0.75 per cent. Keystone Buy to Let Mortgages is a range of specialist residential investment mortgages provided exclusively by Aldermore Bank, solely offered by Mortgages for Business.
Mortgages for Business managing director David Whittaker says: “We are always keen to meet the needs of our customers and we believe this reduction offers a genuine choice to investors and landlords looking for alternatives to fixed rates. In particular, applications from limited companies are higher than expected, possibly because we accept trading companies as well as SPVs.”