Keystone Buy to Let Mortgages has reduced its five-year fixed rates by 0.55 percentage points.
The product now starts at 5.48 per cent up to a 75 per cent loan-to-value (LTV), to reflect the lower, longer-term cost of funds in the market, Keystone said.
Five year fixed-rates include a 5.48 per cent for standard properties, down from 6.03 per cent, a 5.58 per cent for multi-unit properties, down from 6.13 per cent and 5.68 per cent for HMO properties, down from 6.23 per cent.
Director David Whittaker said: “For investors who prefer the security of fixing for the longer term, these new rates are extremely keenly priced and only marginally more than the three year fixed and discounted products. We think investors will be impressed.”
Rob Lankey, managing director of commercial mortgages, at Aldermore, added: “The lower rates complete a round of price reductions across the Keystone Buy to Let Mortgages range.
“It demonstrates our on-going commitment to professional landlords, particularly those looking to finance more complex deals including multi-unit blocks, HMOs and limited company applications.”
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