Keystone Property Finance has reduced its rates on all five-year fixed rate products in its Classic range by up to 30 basis points.
The lowest five-year fixed rate in the range now starts at 4.94% and is available to landlords with standard properties. It is available up to 75% LTV and has a 4.5% arrangement fee.
The biggest reductions are in the lender’s specialist range, with two of its 4.5% fee products cut by 30 basis points. They are now priced at 5.04% and 5.14% at 65% and 75% LTV respectively.
Last month, the Kent-based lender announced major reductions to its Classic range of two-year fixed rate products. On that occasion, it lowered rates by up to 40bps on its 4.5% fee products, while its 3.5% and 2.5% fee products were cut by 30bps and 20bps, respectively.
In addition to its Classic range, Keystone also offers a Specialist offering for landlords with more complex financing needs.
Elise Coole, managing director, at Keystone Property Finance, said: “The promise we give to brokers is that we will always do our best to bring rates down quickly whenever the opportunities arise.
“After making changes to our Classic two-year fixed rate pricing, we were eager to extend this to our five-year fixed rate products and are pleased that we have been able to do that so soon.
“We created our new two tier offering of Classic and Specialist products to make it as easy and straightforward for brokers and their clients as possible.
“As well as enhancing the customer experience, we are also committed to offering the most competitive rates to landlords when market conditions allow.”