"These products provide a valuable bridge allowing people to manage their costs today while preserving a large degree of flexibility for tomorrow"
- Steve Cox - Fleet Mortgages
Specialist buy-to-let lender Fleet Mortgages has announced that it has launched new two-year fixed-rate products as well as reducing the price of some of its existing two-year deals.
Within both its standard and limited company range, Fleet has launched a new £1,999 fixed fee two-year fix available at 5.19% and a zero-fee option, available at 5.69%.
It has also launched a zero-fee option within its HMO/MUFB range, available at 6.09%. All new two-year fixed-rate products are offered up to 75% LTV.
At the same time, the lender has announced 10bps reductions across its existing standard and limited company two-year fixes.
Fleet has reduced both its 3% fee options by 10 basis points to 4.04% - only available to those purchasing or remortgaging a property with an EPC rating of A-C - and 4.14% for non-EPC A-C properties, and has lowered its £5,499 fixed-fee option to 4.64%. Again, all two-year fixes are available up to 75% LTV.
“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," comments Fleet Mortgages chief commercial officer Steve 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.
He added, “We know short-term fixes are proving more attractive, particularly to borrowers who anticipate further rate reductions or market shifts in the near future. These products provide a valuable bridge allowing people to manage their costs today while preserving a large degree of flexibility for tomorrow."
"In a market where borrower needs are diversifying rapidly, it’s essential we continue to evolve our range to meet that demand head-on.”
