Keystone Buy to Let Mortgages has re-priced its Premier and Classic term tracker rates.
Rates to 75% and 70% LTV have been cut by 0.25 percentages points, while rates to 80% LTV have been reduced by 0.05 percentage points.
Term tracker rates in the Classic Range now start from 4.84% (LIBOR + 4.24%) at 75% LTV. Term tracker rates in the Premier Range now start from 4.64% (LBOR + 4.04%).
David Whittaker (pictured), managing director of Keystone, said: “These price reductions are good news for landlords who have a greater appetite for risk. Whilst they provide less protection against rate rises, these term trackers do allow landlords to borrow more than they could using our fixed rates.
“We’re delighted that Aldermore Bank, who fund both the Classic and Premier Ranges, found room in its margins to re-priced downwards.”