Fleet Mortgages has made a series of 15 basis point (bps) cuts to its range of standard and limited company five-year, fixed-rate products.
The products subject to the rate cuts are:
- 65% LTV zero fee fixed-rate cut to 5.49% from 5.64% and 75% LTV zero fee rate cut to 5.59% from 5.74%.
- 65% LTV £3,999 fixed-fee, rate cut to 5.24% from 5.39% and 75% LTV £3,999 fixed fee rate cut to 5.34% from 5.49%.
All products come with a free valuation for properties up to £500k, while there is a maximum loan of £750k on the fixed-fee products
The five-year fixed-rate cuts following similar cuts for Fleet’s two-year fixed-rate products at the end of February and the launch of new two-year trackers earlier in the month.
Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “There has been a recent shifting in the markets and, coupled with the strength of our funding, we have been able to make not just these cuts to our standard and limited company five-year fixes, but last week to our two-year fixes as well.
“We know that many landlord borrowers continue to value mortgage payment certainty for a long period, and these rate cuts should appeal to them, and to help them meet affordability in order to get the size of the loans they require.
“Whether opting for a fixed- or zero fee option, Fleet’s five-year fixes are now even more competitive and, as always, we are here to support advisers with all their buy-to-let landlord client needs.”
