Fleet Mortgages has reduced rates across its core two- and five-year fixed products at 75% loan-to-value, with cuts of up to 15 basis points.

The specialist buy-to-let lender confirmed that reductions apply to both standard and limited company options, with revised pricing taking effect immediately.

RATE CHANGES

Fleet’s two-year 3% fee 75% LTV product, available on properties with an EPC rating of A to C, has been lowered from 3.89% to 3.79%. The equivalent product for properties rated D or below has fallen from 3.99% to 3.89%.

Both products now carry end dates in February 2028.

On the five-year side, the 3% fee 75% LTV product is now priced at 4.54% for EPC A to C properties, down 10bps, and 4.64% for non-A to C rated homes.

Fleet has also cut its zero-fee five-year fix from 5.34% to 5.19%, while the £1,999 fee option has dropped from 5.09% to 4.99%.

Alongside the rate changes, the lender has withdrawn all of its 55% LTV products and a number of its 65% LTV offerings.

COMMITMENT TO COMPETITIVE PRICING

Steve Cox, chief commercial officer at Fleet Mortgages, said: “These changes highlight Fleet’s ongoing commitment to providing highly competitive pricing across the most in-demand parts of the buy-to-let market for landlord borrowers.

“By cutting rates on both our core two- and five-year fixed 75% LTV products, we are hopefully providing advisers with a stronger array of competitive solutions to take to their landlord clients.”