Finance News

Keystone Reduces Rates on Classic Range for Buy-to-Let Landlords

Em Morley - June 14, 2017

Specialist lending brand Keystone Property Finance has reduced all of its rates in its Classic Range for buy-to-let landlords.

The rates have been cut by ten basis points. The lender’s LIBOR has also been reset downwards, at 0.29%.

Keystone Reduces Rates on Classic Range for Buy-to-Let Landlords

Keystone Reduces Rates on Classic Range for Buy-to-Let Landlords

Pricing in the Keystone Classic Range now starts at just 3.59% for a three-year fixed rate mortgage at 65% loan-to-value (LTV). This product is available on standard buy-to-let property.

The range also includes options at 75% and 80% LTV, as well as rates designed specifically for Houses in Multiple Occupation (HMOs) and multi-unit blocks.

Keystone’s Classic Range buy-to-let mortgages are available to both individual landlords and those operating through limited companies.

Unlike most other lenders, Keystone accepts trading limited companies, as well as SPVs, as standard.

The CEO of Keystone, David Whittaker, comments on the reductions: “We are delighted to be able to accommodate a price cut within the Classic Range. Landlords using trading limited companies as borrowing vehicles will be particularly pleased with the reduction, as we are currently the only buy-to-let lender not to require a fixed and floating charge or debenture.”

Keystone Property Finance is an intermediary-only lending brand, and brokers must be registered to gain access.

We remind all landlords looking to take out mortgages of the Government’s recent and ongoing reduction in tax relief on finance costs – including mortgage interest.

A detailed guide from the Government on how the restriction will affect you can be accessed here: /government-guide-tax-relief-changes-residential-landlords/

We also reported yesterday that Together has launched a new, specialist buy-to-let range created to support landlords that are looking to expand their portfolios.

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