Fleet Mortgages has reduced rates on its 75% loan-to-value HMO and multi-unit freehold block (MUFB) products, making cuts across both two- and five-year fixes.

The specialist buy-to-let lender announced reductions of up to 15 basis points, with all options offering £1,000 cashback and a £199 application fee.

TWO-YEAR FIXES

On two-year products, the £1,999 fixed-fee mortgage has fallen by 15bps to 5.49%. The 3% fee option, available for loans up to £750,000, has been cut by 10bps to 4.24% for properties with an A–C EPC and 4.34% for those rated D or below.

The zero-fee product has been trimmed by 10bps to 5.89%. End dates have been pushed out to February 2028.

FIVE-YEAR DEALS

Five-year options have also seen reductions. The £3,999 fixed-fee mortgage now stands at 5.19% following a 10bps cut, while the 3% fee product has dropped to 4.89% for higher EPC-rated homes and 4.99% for lower-rated ones.

The zero-fee option has been reduced to 5.54%. All five-year products now run to February 2031.

The move follows Fleet’s launch earlier this month of three 65% LTV two-year fixes in its Standard borrower range, all of which come with £1,000 cashback, no application fee and free valuations on properties worth up to £500,000.

Steve Cox, chief commercial officer at Fleet Mortgages, said: “HMOs and MUFBs remain a core part of many professional landlords’ portfolio strategies, so we’re pleased to make meaningful cuts across both our two- and five-year 75% LTV range.

“We have lowered pricing on all fee options and, combined with £1,000 cashback, these products are designed to support both purchase and remortgage customers who want certainty and flexibility in equal measure.

“These reductions build on our recent launch of new Standard 65% LTV two-year fixes and underline Fleet’s commitment to offering competitively-priced products backed by consistent service.

“We know advisers need options that work for different client strategies and cashflows, and we’ll keep responding quickly to market conditions so advisers and their landlord clients can move with confidence.”