Buy to let lender Keystone Property Finance has today launched a new product range for purchase applications only, offering a cashback incentive the products mirror the new standard and specialist rates which were reduced on 28th May 2019.
The cashback purchase only 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.
Commenting on the launch, sales and marketing director, Phil Riches 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 28th 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 31st July 2019.