Fleet Mortgages cuts two-year fixed rates

Published on

Fleet Mortgages has made a series of rate cuts across its two-year fixed-rate products.

On its standard and limited company two-year fixes, up to 75% LTV with a 3% fee, Fleet has cut rates by 30 basis points (bps) from 4.69% to 4.39%.

Meanwhile, its two-year EPC A-C product – for those borrowers purchasing or remortgaging a property with an EPC of C or above – has also been reduced by 30bps from 4.59% to 4.29%.

The two-year fixed-fee, fixed-rate product for standard and limited company borrowers, currently priced at 4.89% has had its fee reduced by £400, and is now set at £5,499.

In its HMO/multi-unit block (MUB) range, the two-year fixed rate with a 3% Fee, also available up to 75% LTV, has been reduced by 40bps, from 4.99% to 4.59%, as has the EPC A-C version of the product, moving from 4.89% to 4.49%.

The fixed-fee version for HMO/MUFB has been cut by 50 basis points, from 6.29% to 5.79%; the fee remains at £1,999.

Steve Cox, chief commercial officer at Fleet Mortgages, said: “We’re very pleased to be announcing some substantial rate cuts of up to 50 basis points across a number of our two-year fixes, plus we’ve also been able to cut the fixed-fee on our two-year product for limited company and standard borrowers.

“This will clearly help advisers and their array of landlord borrowers in terms of affordability plus provides payment certainty over the next two years in what is likely to be an uncertain pricing period.

“Our two-year product options, both fixes and trackers, are proving increasingly popular as a growing number of landlord borrowers look for a shorter-term for their purchase and remortgage activity.

“Fleet is here to support advisers with their buy-to-let business and would urge them to contact their regional BDM to see how we can help them deliver further activity and positive outcomes in this area.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Swap rates fall but funding risks remain, warns Moneyfacts

In a week that saw more than 20 lenders reduce their fixed mortgage rates,...

Growing calls for government to overhaul Stamp Duty for FTBs

Mortgage industry figures are urging the government to review stamp duty for first-time buyers...

L&G launches later life lending campaign

L&G has launched a later life lending campaign featuring short documentary-style films highlighting the...

West Brom reduces rates by up to 0.18%

West Brom Building Society has reduced rates across its two-year fixed purchase mortgage range,...

more2life calls for innovation and technology to drive later life lending growth

Later life lender more2life has called on the wider industry to ensure product innovation...

Latest publication

Other news

Swap rates fall but funding risks remain, warns Moneyfacts

In a week that saw more than 20 lenders reduce their fixed mortgage rates,...

Growing calls for government to overhaul Stamp Duty for FTBs

Mortgage industry figures are urging the government to review stamp duty for first-time buyers...

L&G launches later life lending campaign

L&G has launched a later life lending campaign featuring short documentary-style films highlighting the...