Fleet Mortgages reduces two-year fixed rates by up to 25bps

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Fleet Mortgages has announced a series of rate cuts of up to 25 basis points across its two-year fixed rate buy-to-let products.

The reductions apply to both Standard and Limited Company ranges. The lender has lowered pricing on its two-year 3% fee non-EPC A-C product from 4.14% to 3.99%, and trimmed its equivalent EPC A-C option by the same margin to 3.89%, down from 4.04%.

More substantial cuts have been made to Fleet’s fixed-fee products. The two-year £1,999 fee option has dropped by 25 bps to 5.39%, while the £5,499 fee version has fallen to 4.39%, from its previous rate of 4.64%.

All products are available up to 75% loan-to-value and come with free valuations on properties valued up to £500,000. The maximum loan size for the fixed-fee options is set at £750,000.

Steve Cox, chief commercial officer at Fleet Mortgages, said the changes were designed to meet continued demand from landlords looking for short-term stability while remaining flexible in a volatile environment.

“We continue to see strong demand for two-year fixed rates, particularly among landlords who want cost certainty in the short-term but also want to stay agile in a changing market,” he said. “By reducing rates on our Standard and Limited Company two-year product ranges, we’re making sure our products remain accessible and relevant.

“As a lender, we are focused on supporting advisers and their landlord clients with a competitive offering that reflects the needs of the moment, and these changes are yet another example of that commitment in action.”

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