Fleet Mortgages has unveiled a fresh selection of two-year fixed-rate products while simultaneously cutting rates on several existing deals.
The buy-to-let specialist lender has introduced new two-year fixed-rate offerings across its standard and limited company ranges, including a 5.19% rate with a fixed fee of £1,999 and a zero-fee alternative priced at 5.69%.
A new zero-fee option has also been added to its HMO and multi-unit block (MUFB) range, offered at 6.09%. All products are available up to 75% loan-to-value.
In addition to the new launches, Fleet has reduced pricing by 10 basis points across its existing standard and limited company two-year fixed products. The lender’s 3% fee options have been trimmed to 4.04% for properties with an EPC rating of A to C, and to 4.14% for those outside that bracket. Its £5,499 fixed-fee product has been reduced to 4.64%.
Steve Cox, chief commercial officer at Fleet Mortgages, said the new products and rate reductions reflect growing demand among landlords for shorter-term deals, driven by hopes of future rate cuts and a desire to maintain flexibility.
“We’re pleased to be launching these new two-year fixed-rate products, including both fixed-fee and zero-fee options, which are designed to offer greater flexibility for a wider range of borrowers,” said Cox.
“By reducing pricing on our existing two-year fixes as well, we’re responding to the growing demand we’re seeing from clients who want short-term certainty without necessarily wanting to lock in for too long.”
Cox added that shorter-term fixed products are proving increasingly attractive to borrowers who expect further interest rate reductions or broader shifts in the lending environment.
“These products provide a valuable bridge allowing people to manage their costs today, while preserving a large degree of flexibility for tomorrow,” he said. “In a market where borrower needs are diversifying rapidly, it’s essential we continue to evolve our range to meet that demand head-on.”
All revised and newly launched products are available to a maximum LTV of 75%, with further details published on the lender’s website.
