Fleet Mortgages has launched three new two-year tracker mortgages at 75% loan-to-value across its standard, limited company and HMO and multi-unit freehold block buy-to-let ranges.

The buy-to-let lender said the new products are available from today, 10 April, and are designed for landlords who want greater flexibility in the current interest rate environment.

Within its standard and limited company ranges, the two-year tracker products are priced at Bank Base Rate plus 0.75%, giving a current pay rate of 4.5%. Both products include a free valuation on properties up to £500,000.

For HMO and multi-unit freehold block cases, Fleet has launched a two-year tracker at Bank Base Rate plus 1.4%, with a current pay rate of 5.15%.

All three products are available at up to 75% loan-to-value and come with a 2% completion fee, subject to a minimum of £750. There are no early repayment charges, and each product reverts to Bank Base Rate plus 3% at the end of the initial term, which runs until 31 October 2028.

Fleet said the new trackers were intended to offer advisers and landlord borrowers an alternative for cases where a shorter-term option may be preferable to fixing for longer.

Steve Cox, chief commercial officer at Fleet Mortgages, said: “These new two-year tracker products have been designed to provide landlords with maximum flexibility at a time when many are looking to keep their options open.

“By removing ERCs, we are allowing borrowers to benefit from a competitive tracker rate today, while retaining the ability to switch products as market conditions evolve.

“We know advisers are working closely with landlord clients to navigate an uncertain rate environment, and these products offer a straightforward solution for those who may not want to commit to a longer-term, fixed-rate at this stage.

“As always, our focus is on delivering a broad and adaptable product range that supports advisers in meeting a wide variety of their landlord clients’ needs.”