"This relaunch brings back 75% LTV fixed-rate options across our Standard, Limited Company and HMO/MUFB ranges, providing advisers with both two-year and five-year choices depending on the needs and strategy of their landlord clients"
- Steve Cox - Fleet Mortgages
Fleet Mortgages has relaunched a series of 75% loan-to-value fixed-rate mortgages across its core buy-to-let ranges, reintroducing products for standard, limited company and HMO or multi-unit freehold block borrowers.
The lender confirmed the return of both two-year and five-year fixed-rate options across the three product lines.
For standard and limited company landlord borrowers, the two-year fixed rate is priced at 4.29%, while the five-year fixed rate stands at 5.04%. Each product carries a completion fee of 3%, with a minimum charge of £750. The deals also include a free valuation on properties worth up to £500,000.
Rates for landlords borrowing against houses in multiple occupation or multi-unit freehold blocks are slightly higher. In this segment, borrowers can secure a two-year fixed rate at 4.59% or a five-year fixed rate at 5.49%. The completion fee remains 3%, with the same £750 minimum.
Fleet said it plans to introduce further fixed-rate options across its product range but acknowledged that market conditions currently require quicker product adjustments than lenders would normally prefer.
Alongside the relaunched fixed-rate deals, the lender continues to offer a full suite of 75% LTV tracker mortgages linked to the Bank of England base rate. These tracker products are available with either fixed fees or percentage-based fee structures.
"We took the decision to withdraw our previous fixed-rate range in order to respond quickly to the volatility we have been seeing in recent days, and to ensure we could return with products as soon as possible that remain both competitive and sustainable," said Steve Cox. "This relaunch brings back 75% LTV fixed-rate options across our Standard, Limited Company and HMO/MUFB ranges, providing advisers with both two-year and five-year choices depending on the needs and strategy of their landlord clients."
He said advisers need clarity and responsiveness when markets shift quickly.
"We know advisers value certainty and speed when markets are moving like this, and our focus has been on reintroducing a small but clear set of fixed-rate options while continuing to offer our full tracker range for those clients who may prefer that route in the current environment," he explained.
He added, "As always, our aim is to react quickly, communicate effectively, and continue to support advisers and their clients during what is, undoubtedly, a very changeable environment and market situation. Our hope is that we see a degree of stability in a short space of time but we must also prepare for further upheaval over the days and weeks ahead."
