Eurobrix.com: The European Real Estate Portal

Buy-to-let lender reduces mortgage rates

by Yuri Brixenmortar 23. October 2012 16:42

Keystone Buy to Let Mortgage has announced a reduction of 0.30% to all its three year discounted rates, now starting from 4.98%.

The reduction in rates is due to Aldermore Bank resetting its LIBOR down from 1.05% to 0.75%.

Keystone Buy to Let Mortgages is aimed at both individual and limited company investors who already own at least one residential investment property. The range includes a selection of fixed and discounted tracker rate buy to let mortgages for standard properties, HMO and multi-unit property and it is available exclusively via Mortgages for Business.

David Whittaker, managing director of Mortgages for Business, said: "We are always keen to meet the needs of our customers and we believe this reduction offers a genuine choice to investors and landlords looking for alternatives to fixed rates. In particular, applications from limited companies are higher than expected, possibly because we accept trading companies as well as SPVs."

Rob Lankey, managing director of Commercial Mortgages, at Aldermore, said: "The Keystone Buy to Let Mortgages product range has proven very popular since its launch in April, surpassing all expectations and we believe today's announcement will help cement its positioning in the buy to let market place."

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10/23/2012 6:25:10 PM #

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10/23/2012 7:34:25 PM #

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