Fleet Mortgages has announced a broad refresh of its buy-to-let mortgage rates and product range, with reductions across its Standard, Limited Company and HMO/MUFB ranges, alongside new product launches and substantially lower fees on several key mortgages.
Within the Standard and Limited Company ranges, two-year fixed-rate 75% LTV products carrying a 3% fee have been reduced by 30 basis points, with rates now at 4.19% and 4.09% respectively. EPC A-C variants are included in the cuts. The lender has also launched a new two-year fixed-rate zero-fee mortgage at 75% LTV, priced at 5.74%.
Five-year fixed-rate 75% LTV products with a 3% fee have been trimmed by 10 basis points to 4.94%, while the EPC A-C equivalent falls to 4.84%. The five-year fixed-fee product has been reduced by 20 basis points to 5.39%, with the product fee cut from £3,999 to £1,499.
HMO/MUFB
The HMO/MUFB range has also been expanded. Two new two-year fixed-rate products are now available up to 75% LTV: a zero-fee option priced at 6.15% and a £1,499 fixed-fee product at 5.69%.
Across the five-year HMO/MUFB range, the zero-fee mortgage has been cut by 15 basis points to 5.99%, while the fixed-fee product drops 10 basis points to 5.69% with the fee reduced by £1,500 to £2,499. Five-year products with a 3% fee have also been reduced by 10 basis points to 5.19%, with the EPC A-C variant falling to 5.09%.
All products cover both purchase and remortgage business, with a minimum loan size of £25,001. Selected fixed-fee products are available up to £750,000. Standard and Limited Company products include a free valuation on properties up to £500,000, while HMO/MUFB products continue to offer £1,000 cashback.
"This latest product refresh is about giving advisers and their landlord clients more choice while ensuring our pricing remains competitive across every major buy-to-let segment," said Steve Cox, chief commercial officer at Fleet Mortgages (pictured).
"Alongside meaningful rate reductions, we've introduced new product options and substantially reduced product fees on a number of key mortgages, allowing advisers to match borrowers with solutions that best fit both their immediate circumstances and longer-term investment plans.
"We know landlords have different priorities depending on their portfolio strategy, whether that is keeping upfront costs to a minimum, securing lower monthly repayments or financing more complex properties.
"By expanding our range and improving pricing across Standard, Limited Company and HMO lending, we are providing advisers with even greater flexibility to support those conversations and to help landlords continue to invest with confidence."
