Lender drops rates on buy-to-let mortgages
Keystone Buy to Let Mortgages, a partnership between Mortgages for Business and Aldermore Bank, has reduced its rates on its five-year fixed mortgages by 0.55%.
They now start at 5.48% up to 75% loan-to-value, down from 6.03%.
Rates have also come down on its mortgages for multi-unit properties and HMOs, and for applications made by limited companies rather than individuals.
David Whittaker, managing director of Mortgages for Business, 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, said: “The lower rates complete a round of price reductions across the Keystone Buy to Let Mortgages range.
“It demonstrates our ongoing commitment to professional landlords, particularly those looking to finance more complex deals including multi-unit blocks, HMOs and limited company applications.”