Fleet Mortgages has reduced rates on selected Tracker and Green Tracker products, as well as on a number of two-year fixes.

The buy-to-let specialist lender has cut rates by 50 basis points (bps) on standard and limited company Tracker products with the Tracker reduced to BBR plus 1.25%, currently at 6.5%, and the Green Tracker – for properties with an EPC rating of A-C – reduced to BBR plus 1.15%, currently 6.4%

All Fleet’s Tracker and Green Tracker products are available up to 75% LTV, come with a 2% fee (minimum £750), and have no early repayment charges.

Fleet also continues to offer landlord borrowers a £1,000 cashback payment if they improve the EPC level of the property to a C or above during the course of the initial fixed-rate period.

Fleet is also cutting rates across its standard and limited company two-year fixed-rate products – both have been cut by 20 basis points, with the rate now 5.24%, available up to a 75% LTV. The products come with a fee of 3% (minimum £750) with an ERC of 3% in the first year, and 2% in the second.

The lender’s two-year fix for HMO and Multi-Unit Block borrowers remains unchanged at 5.64%, also available up to 75% LTV.

Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “Swap rates, market competition and a growing interest in Tracker products themselves has allowed us to reassess our pricing across both our standard and limited company products, and our two-year fixes within those two ranges.

“It is interesting to see growing activity in the Tracker space, as landlord borrowers look at flexible, shorter-term products that will allow them to change products in the future without any ERCs.

“We might call this a growing ‘Track to Fix’ approach, as some landlords will feel falling inflation and swap rates also dropping is likely to herald further cuts to fixed-rate pricing throughout next year which they will be able to take advantage of at a later date.

“Other borrowers might simply want the certainty of a shorter-term fix and again we’ve been able to cut our two-year fixes to support advisers with this type of landlord client.

“This is further positive news for landlord borrowers, and we’re here to support all advisers active in the buy-to-let space as they seek the right financial solutions for both refinancing and purchasing clients.”