Fleet Mortgages has cut rates across a range of its two-year and five-year fixed-rate buy-to-let products at 75% loan-to-value, including products available for properties with higher EPC ratings.

The buy-to-let specialist lender has reduced rates by 20bps on its two-year fixed-rate HMO and multi-unit freehold block (MUFB) products with a 3% fee.

As a result, the non-EPC A-C variant has fallen from 4.79% to 4.59%, while the EPC A-C version has reduced from 4.69% to 4.49%.

The EPC A-C range is available to landlords purchasing or remortgaging properties that already hold an Energy Performance Certificate rating between A and C.

Fleet Mortgages has also cut rates by 10bps across all five-year fixed-rate products available up to 75% LTV, including EPC A-C options.

For standard and limited company borrowers, rates have reduced from 5.14% to 5.04%, while EPC A-C equivalents have fallen from 5.04% to 4.94%.

Within the HMO and MUFB range, rates have reduced from 5.39% to 5.29%, while EPC A-C products have fallen from 5.29% to 5.19%.

All five-year fixed-rate products carry a 3% fee, subject to a minimum charge of £750.

FUNDING CONDITIONS IMPROVE

Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “These latest reductions reflect the improved funding environment we have seen recently and, as a result, our focus on ensuring advisers and their landlord borrower clients continue to have access to competitively-priced buy-to-let mortgage options across a range of property types and borrower circumstances.

“While market conditions remain capable of changing quickly, there has been a greater degree of stability compared to earlier in the year, allowing us to make further positive pricing changes.

“By reducing rates across our five-year range and making larger reductions on our two-year HMO/MUFB products, we are providing landlords with additional choice at a time when many continue to assess both refinancing opportunities and future portfolio plans.

“We have also extended end-dates on selected two-year products in order to give advisers more time and greater certainty when placing cases. In a market which can still move quickly, this can make a meaningful difference to both advisers and their clients.”

Fleet said the latest changes were designed to support advisers and landlord borrowers seeking refinancing or new purchase opportunities, while reflecting improved conditions within funding markets.