Fleet mortgages has launched a new range of 65% loan-to-value mortgage products and cut rates on two-year fixed-rate deals at 75% LTV across its Standard, Limited Company and HMO or MUFB ranges.

The new products are aimed at landlords with higher levels of equity and include five-year fixed-rate options for Standard and Limited Company borrowing, alongside two-year fixes for Limited Company cases.

Pricing in the HMO or MUFB range also features two- and five-year fixed-rate products, with cashback available.

Across the Standard and Limited Company ranges, the five-year fixed rate is available at 4.89% with a £1,499 fixed fee and a free valuation up to £500k.

Limited Company borrowers can also access two-year fixed rates priced at 4.74% with a £1,499 fee, or 5.19% with no fee.

For HMO or MUFB cases, the five-year fixed rate is priced at 4.89% with a 3% fee, while a two-year fixed rate is available at 5.49% with no fee. Both products include £1,000 cashback.

TWO-YEAR RATE CUTS

Alongside the new launch, Fleet Mortgages has reduced rates across a range of two-year fixed-rate products by between 10 and 25 basis points.

In the Standard and Limited Company ranges, rates have been cut by 10 basis points, with pricing now starting from 3.69% with a 3% fee.

In the HMO or MUFB range, rates have been reduced by 25 basis points, with pricing from 3.99%, also with a 3% fee.

The lender said the changes were designed to give landlords greater choice, whether they hold significant equity or are operating at a 75% LTV level.

Steve Cox, chief commercial officer at Fleet Mortgages, said: “Landlords with strong levels of equity are often very focused on price, and this new 65% LTV range is designed with that in mind.

“It gives borrowers access to lower rates, clear fee choices and products that work across Standard, Limited Company and HMO or MUFB cases.

“We know many portfolio landlords are actively reviewing their borrowing this year, either to refinance or to support further purchases, explained Cox. “These products are aimed squarely at that audience.

“At the same time, we wanted to improve value for landlords operating at 75% LTV, which remains a key level for both purchases and remortgages.

“Cutting rates by up to 25 basis points across these two-year products helps advisers support clients who may not have deeper equity, but who still want competitive pricing and consistent criteria.

“This is about giving advisers more options and keeping Fleet well placed in a market where cost, flexibility and certainty all matter.”