Keystone Property Finance has cut all fixed rates in its classic range by up to 40 basis points.
Five-year fixed rates have been reduced by 40 basis points and now start at 3.99 per cent to 75 per cent LTV.
Three-year fixed rates have been reduced by 20 basis points and now start at 4.09 per cent to 75 per cent LTV.
The range also offers five- and three-year fixed rate options to 80 per cent LTV for standard buy-to-let property and rates to 75 per cent LTV for HMOs and multi-units.
Keystone chief executive David Whittaker says: “We are delighted to be able to get our five-year pricing down to sub-4 per cent. This means that we can now really compete on price as well as criteria.”
“As there has been little difference in three and five year swaps of late, we decided to apportion the biggest reduction to the five-year fixed rates. This will give borrowers a longer period of security and save them the costs involved with having to remortgage sooner.”
Keystone’s pricing model offers identical rates to individual and corporate borrowers.
The lender’s classic range is available to trading limited companies as well as special purpose vehicles.