Buy-to-let lender Keystone Property Finance has launched a new range of two-year tracker mortgages with a “switch and fix” facility.
These products offer a fixed margin over Bank of England base rate.
And include the flexibility of being able to move on to a fixed rate within the initial period at no extra cost or early repayment charge.
Loans are available at 65% and 75% LTV with rates starting at 2.10% and 2.20% respectively.
Customers who choose one of these loans will be eligible for a product transfer from the lender’s full range after the initial two-year period has completed.
Keystone Property Finance managing director Elise Coole said: “This new range of two-year tracker products with a “Switch & Fix” facility further expands our product range at a time when brokers and their clients are looking for greater choice.
“For landlords who may want to take a “wait and see” approach to fixing their mortgage but do not want to remain on a high reversion rate, this option provides the ability to track the market downwards and fix at a time of their choosing that works for them, with no additional cost.”
The lender has also launched a separate two-year product transfer tracker range. Details of all the changes can be found on its new-look website which has launched today.
It offers enhanced product pages, new interactive tools and bespoke content for brokers and customers.
Keystone Property Finance is an intermediary only lender providing specialist buy to let finance to portfolio and non-portfolio landlords.
It is owned by The Property Business Group.
