Fleet Mortgages has cut pricing on selected five-year fixed buy-to-let products and expanded its 75% loan-to-value offering, while also adding new tracker options for existing borrowers.

The lender has reduced rates by 20 basis points on its 3% fee, 75% LTV five-year fixed rate products across its Standard, limited company and HMO/MUFB ranges.

That takes pricing to 5.04% for Standard and limited company products, and 5.49% for HMO/MUFB deals.

At the same time, Fleet has brought back a broader set of five-year fixed rate options at 75% LTV, including zero-fee and £3,999 fee products, in a move designed to give brokers more choice when placing landlord cases.

For Standard and limited company borrowers, the five-year range now includes a zero-fee product at 5.69% and a £3,999 fee option at 5.39%.

For HMO/MUFB borrowing, equivalent products have been reintroduced with rates starting at 6.14% for zero-fee and 5.79% for the £3,999 fee option.

Fleet said the changes were intended to create a more balanced range, allowing advisers to weigh headline pricing against upfront costs and longer-term certainty depending on the needs of individual clients.

The lender has also launched three two-year product transfer tracker products across all three ranges for existing borrowers.

Standard and limited company tracker products are priced at Bank Base Rate plus 0.5%, currently 4.25%, while HMO/MUFB products are priced at Bank Base Rate plus 1.15%, currently 4.90%.

These tracker deals come with a 2.5% completion fee and are aimed at borrowers seeking shorter-term flexibility as interest rate expectations continue to shift.

Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “These latest changes are focused on giving advisers further product options that reflect the different ways landlord borrowers are approaching the market at present.

“The reduction in our five-year fixed rates ensures we remain competitive, but just as importantly, the reintroduction of zero-fee and alternative fee options allows advisers to tailor recommendations depending on how clients want to balance rate against upfront cost.

“In the current environment, we are seeing a mix of priorities. Some landlords are looking for longer-term certainty and are comfortable paying for that through a fixed-fee, while others are more focused on managing initial outlay or retaining flexibility.

“That is why maintaining a range that works across those different needs is key, particularly when market conditions remain changeable.

“The addition of our two-year tracker products for those existing Fleet borrowers who are coming to the end of their deals complements this approach, giving advisers another option for clients who may prefer a shorter-term solution while they assess how the market develops.”