Keystone Property Finance are delighted to announce that they have increased the amount of cashback they pay on large loans by as much as 50% to give a New Year’s boost to landlords looking to both purchase and remortgage.
The new enhanced cashback offering is as follows:
- £1,250 on loans between £150,000 – £400,000
- £2,000 on loans between £400,001 – £750,000
- £3,000 on loans between £750,001 and £1m
The news comes as a wave of buy-to-let fixed rates are due to mature in 2022. There was a spike in five-year fixed rate uptake among landlords in 2016 and 2017 following the Government’s buy-to-let tax relief reforms and the Prudential Regulation Authority’s (PRA) overhaul of portfolio landlord underwriting standards.
It means there will be thousands of landlords due to remortgage this year, costing them thousands of pounds in fees if they opt to switch to another lender.
By taking advantage of Keystone’s enhanced cashback offering, brokers can move their clients onto one of the lender’s competitive fixed rate deals while offsetting some of the costs associated with switching lenders.
Separately, Keystone has split its core (standard, specialist, cashback and green), holiday let and product transfer ranges to make it easier for brokers to find the right deal for their clients. It means that, from today, there will be separate guides for each product set. Brokers can find each of the product guides by visiting www.keystonepropertyfinance.co.uk.
If you have any questions or need any assistance with your buy to let case enquiries, please contact Keystone’s Business Development Managers on 0345 148 9086 or email enquiry@keystonepropertyfinance.co.uk.
