The new tracker products are available at either 65% or 75% loan to value (LTV).
Keystone Property Finance has launched a new set of 2-year tracker mortgages for new business, product transfers, PT Plus and Refurb to Let Exit.
The lender has brought out these products to help brokers during the recent market volatility.
The new tracker products are available at either 65% or 75% loan to value (LTV).
They track the Bank of England base rate (BBR), with rates starting from BBR + 1.89% and BBR + 1.99% respectively.
Customers taking out these trackers can switch to a fixed-rate mortgage through Keystone’s Switch & Fix facility once fixed rates are available again.
There are no application fees or early repayment charges (ERCs) for this switch.
Elise Coole (pictured), managing director at Keystone Property Finance, said: “In recent weeks, we have seen SWAP rates increase significantly.
“This has created volatility across the mortgage market and has impacted the availability of fixed-rate products.
“Our priority is to ensure brokers and their landlord clients continue to have access to practical and competitive products, even in uncertain market conditions.”
Coole added: “With that in mind, we have moved quickly to launch these trackers to offer more choice and provide greater flexibility to brokers and borrowers alike.
“Importantly, landlords will also have the option to switch onto a fixed rate through our Switch & Fix facility.
“This allows them to secure longer-term certainty at a time that suits them, without incurring additional costs.”
She said: “We introduced similar deals during previous periods of market volatility, and they proved popular.
“As always, our focus is on ensuring brokers have the tools and support they need to navigate changing market conditions.”