Keystone launches cashback range
Buy-to-let lender Keystone Property Finance has launched a product range for purchase applications only, offering a cashback incentive.
The range will offer a £1,250 cashback on loans between £250,001 and £1m and of £750 on loans less than or equal to £250,000. The cashback will be paid at time of completion.
There’s a 2.99% 2-year fix at 65% loan-to-value (LTV), a 3.15% 2-year fix at 75% LTV, a 3.14% 3-year fix at 65% LTV, a 3.44% 3-year fix at 75% LTV, a 3.24% 5-year fix at 65% LTV and a 3.54% 5-year fix at 75% LTV.
Phil Riches, sales and marketing director at Keystone, said: “After running the cashback range for almost two months we received a lot of positive feedback from brokers and have decided to reintroduce this purchase-only range.
“This range will mirror the standard and specialist rates which were reduced on 28 May, to continue assisting brokers and their clients purchasing in the buy-to-let market.”
The product ranges remain available to both individuals and limited companies.
Keystone’s cashback purchase-only product range runs to 31 July 2019.