Fleet Mortgages returns to 80% LTV buy-to-let

Published on

Fleet Mortgages has returned to offering 80% LTV buy-to-let products across two of its three core areas of lending – standard and limited company/LLP.

The 80% two-year fix for standard and limited company/LLP borrowers is priced at 3.89% and comes with a 2% fee, while the five-year fix is priced at 4.15%, also with a 2% fee.

All two-year fixes come with a rental calculation of 125% at 5.5%, while five-year fixes are payrate products with a rental calculation of 125% at the pay rate. Fleet’s 80% LTV products includes either a free or discounted valuation.

Fleet Mortgages also offers products for landlords seek to purchase or remortgage HMOs and multi-unit blocks – these are available at both 65% and 75% LTV levels, with two-year pricing starting at 3.24% and five-year at 3.43%.

The return to 80% LTV lending comes after Fleet relaunched its product range at the end of October with price reductions across the board.

Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “Last week we were able to launch our first new product range fully funded by our parent, Starling Bank. This week we are adding 80% LTV products back into our offering, with mortgages available in both our standard, and limited company and LLP ranges.

“The new products have already received an excellent response and we’re confident that moving back into the 80% LTV space also provides advisers with a number of new options suitable for their landlord clients.”

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

Kuflink reappoints Narwal to spearhead renewed focus on bridging

Bridging lender Kuflink has announced the return of Ranjit Narwal as head of origination,...

Finova adds equity finance provider to lender panel

Finova has added equity finance provider Pauzible to its Payments lender panel, bringing the...

Prime London property market slows in May as buyers and renters show caution

The prime London property market endured a muted May, with sales volumes and lettings...

Arc & Co. and UTB complete bridge in three weeks for overseas client

Arc & Co. has completed a £770,000 bridging loan for a foreign national borrower...

Clydesdale drops residential and BTL mortgage rates

Clydesdale Bank is set to implement a series of rate reductions across its residential...

Latest opinions

FCA’s mortgage rule changes: it’s time to raise the advice bar, not drop it

The FCA’s move to relax some of the rules around mortgage switching and term...

Tom Bill: Unintended consequences

Former Prime Minister William Pitt the Younger introduced a brick tax in 1784 to...

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

Other news

Kuflink reappoints Narwal to spearhead renewed focus on bridging

Bridging lender Kuflink has announced the return of Ranjit Narwal as head of origination,...

Finova adds equity finance provider to lender panel

Finova has added equity finance provider Pauzible to its Payments lender panel, bringing the...

Prime London property market slows in May as buyers and renters show caution

The prime London property market endured a muted May, with sales volumes and lettings...