Fleet Mortgages has introduced new buy-to-let products, reduced rates across its Standard, Limited Company and HMO/MUFB ranges, and cut product fees on a number of mortgages.
The lender has announced a series of changes across its product range, including new zero-fee options, lower pricing and reduced product fees aimed at giving advisers more flexibility when placing landlord business.
Within its Standard and Limited Company ranges, Fleet has reduced rates by 30bps on its two-year fixed-rate 75% LTV products with a 3% fee, including EPC A – C variants. Rates now start from 4.19%, with the EPC A – C version available at 4.09%.
The lender has also launched a new two-year fixed-rate, zero-fee mortgage at 75% LTV, priced at 5.74%.
Its five-year fixed-rate 75% LTV products with a 3% fee have been reduced by 10bps to 4.94%, while the EPC A – C version has been cut to 4.84%.
Fleet has also reduced the rate on its five-year fixed-fee product by 20bps to 5.39% and lowered the product fee from £3,999 to £1,499.
Within its HMO/MUFB range, the lender has introduced two new two-year fixed-rate products up to 75% LTV, including a zero-fee option at 6.15% and a £1,499 fixed-fee product at 5.69%.
Rates have also been reduced across the five-year fixed-rate HMO/MUFB range. The zero-fee mortgage has been cut by 15bps to 5.99%, while the fixed-fee product has fallen by 10bps to 5.69%, with the product fee reduced by £1,500 to £2,499.
Five-year HMO/MUFB products with a 3% fee have also been reduced by 10bps to 5.19%, with the EPC A – C variant now available at 5.09%.
All products are available for both purchase and remortgage business, with a minimum loan size of £25,001. Selected fixed-fee products are available up to a maximum loan size of £750,000.
Standard and Limited Company products include a free valuation on properties worth up to £500,000, while HMO/MUFB products continue to include £1,000 cashback.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “This latest product refresh is about giving advisers and their landlord clients more choice while ensuring our pricing remains competitive across every major buy-to-let segment.
“Alongside meaningful rate reductions, we’ve introduced new product options and substantially reduced product fees on a number of key mortgages, allowing advisers to match borrowers with solutions that best fit both their immediate circumstances and longer-term investment plans.
“We know landlords have different priorities depending on their portfolio strategy, whether that is keeping upfront costs to a minimum, securing lower monthly repayments or financing more complex properties.
“By expanding our range and improving pricing across Standard, Limited Company and HMO lending, we are providing advisers with even greater flexibility to support those conversations and to help landlords continue to invest with confidence.”
