Fleet Mortgages has reintroduced two five-year fixed-rate products for houses in multiple occupation and multi-unit freehold blocks.
The buy-to-let specialist lender said the products, available from 19 August 2026, could be used for purchases and remortgages at up to 75% loan-to-value.
The fee-free product has a rate of 6.09%, while the alternative is priced at 5.99% with a fixed fee of £1,499. The latter is available on loans of up to £750,000.
Both products include £1,000 cashback on completion.
Fleet said it had expanded its range as landlords considered houses in multiple occupation and multi-unit freehold blocks for the potentially higher rental yields they offered.
The launch follows changes to Fleet’s lending criteria announced in July, including consideration of joint applications involving foreign nationals and the acceptance of company group structures registered anywhere in the UK.
Earlier changes included removing the lender’s minimum income requirement and reducing the trading history required from self-employed applicants and contractors from two years to one full tax year.
Fleet also extended its maximum mortgage term from 30 to 35 years, increased the maximum loan-to-value available on new-build flats to 75% and removed height restrictions on blocks of flats.
Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “We continue to see landlords looking closely at how they can secure stronger rental yields, particularly given the higher costs that now come with owning and financing buy-to-let property, and HMOs and MUFBs can clearly play an important role here.
“These are property types that can offer landlords greater income potential and provide further diversification within portfolios, so it’s important advisers have access to a broad range of finance options for clients who are either purchasing or refinancing in these areas.
“The reintroduction of these five-year, fixed-rate options adds further choice for HMO and MUFB borrowers, including different fee structures to suit individual circumstances, while the £1,000 cashback will also help with some of the costs involved in completing a transaction.
“Alongside the criteria changes we have made throughout this year, we want to ensure our proposition reflects the way landlords are operating today and gives advisers more ways to support clients as they assess their existing portfolios and consider where the next opportunities might lie.”
