Loan arrangement fee1/24/2024 ![]() Keystone managing director Elise Coole says: “Over the past few months we have been very active in improving our range to ensure we not only have the best possible rates available but also that we provide solutions to suit a wide range of landlords. ![]() Keystone has also cut its two-year standard and specialist 65% LTV deals by five basis points, meaning that lender’s two-year and five-year mortgages now start at 5.19% and 5.49%, respectively. However, this is just an example to show you how percentages work, and in practice, the interest you pay is more complicated to calculate (more on this below). Here you would pay £50 interest on your £1,000 loan. Its two and five-year product transfer and switch and fix rates have come down by the same amount. You take a loan of £1,000 over 12 months. Meanwhile, the specialist buy-to-let lender has reduced its five-year standard, specialist, ex-pat and holiday let products by 10 basis points. ![]() The new arrangement fee options include a 5.49% five-year fix at 65% and a 5.59% five-year deal at 75%, available on loans up to £2m and £1.5m, respectively. ![]() The specialist lender’s 7% arrangement fee products come with lower rates than its other five-year fixed rates, allowing landlords to borrow more than if they were to take out a product with a higher rate but lower fee. A loan large enough to warrant a £10k arrangement fee suggests to me property or debt restructuring, neither of which are for trading purposes. An arrangement fee of 2 of the gross advance is applied on all products. Keystone Property Finance has introduced a new range of products with 7% arrangement fees and cut its rates by up to 10 basis points. loan is on the standard rate product range). ![]()
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