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

MIMHC partners with Claritee to support workplace wellbeing

The Mortgage Industry Mental Health Charter has formed a strategic partnership with Claritee Group...

DPT reports rise in light-touch monitoring for smaller refurb projects

DPT Monitoring Surveyors has reported a rise of more than 50% in lender use...

Finova appoints three directors for Manchester technology hub

Finova has appointed three senior technology directors to its Manchester hub as the software...

Afin Bank promotes Rob Lankey to chief commercial officer

Afin Bank has promoted Rob Lankey to chief commercial officer, with responsibility for the...

Gen H cuts mortgage rates by up to 30bps

Gen H has reduced rates across its mortgage range, with cuts of up to...

Latest publication

Other news

MIMHC partners with Claritee to support workplace wellbeing

The Mortgage Industry Mental Health Charter has formed a strategic partnership with Claritee Group...

DPT reports rise in light-touch monitoring for smaller refurb projects

DPT Monitoring Surveyors has reported a rise of more than 50% in lender use...

Finova appoints three directors for Manchester technology hub

Finova has appointed three senior technology directors to its Manchester hub as the software...