"These latest changes are focused on giving advisers further product options that reflect the different ways landlord borrowers are approaching the market at present"
- Steve Cox - Fleet Mortgages
Fleet Mortgages has reduced pricing on its 3% fee, 75% LTV five-year fixed rate products and reintroduced a broader selection of options across the same range, alongside new two-year product transfer tracker products for existing borrowers.
The buy-to-let specialist lender has cut rates by 20 basis points on its Standard, Limited Company, and HMO/multi-unit freehold block five-year fixes carrying a 3% fee. Standard and Limited Company products now sit at 5.04%, while HMO/MUFB equivalents drop to 5.49%.
Fleet has also reintroduced zero-fee and fixed £3,999 fee alternatives across its five-year fixed range, giving advisers more room to structure cases around client priorities. Across Standard and Limited Company products, the zero-fee five-year fix is priced at 5.69%, with the £3,999 fee option at 5.39%. For HMO/MUFB lending, pricing starts from 6.14% for the zero-fee product and 5.79% for the £3,999 fee option.
The lender says the expanded range is designed to help advisers align product selection more closely with what each client values most, whether that's the headline rate, minimising upfront costs, or securing longer-term certainty.
Fleet has also launched three two-year product transfer tracker products covering all three ranges.
Standard and Limited Company options are priced at Bank Base Rate plus 0.5%, currently 4.25%, while HMO/MUFB products are set at BBR plus 1.15%, currently 4.90%. All three come with a 2.5% completion fee and are aimed at landlord borrowers seeking shorter-term flexibility.
"These latest changes are focused on giving advisers further product options that reflect the different ways landlord borrowers are approaching the market at present," said Steve Cox, chief commercial officer at Fleet Mortgages.
"The reduction in our five-year fixed rates ensures we remain competitive, but just as importantly, the reintroduction of zero-fee and alternative fee options allows advisers to tailor recommendations depending on how clients want to balance rate against upfront cost.
"In the current environment, we are seeing a mix of priorities. Some landlords are looking for longer-term certainty and are comfortable paying for that through a fixed fee, while others are more focused on managing initial outlay or retaining flexibility."
"That is why maintaining a range that works across those different needs is key, particularly when market conditions remain changeable."
"The addition of our two-year tracker products for those existing Fleet borrowers who are coming to the end of their deals complements this approach, giving advisers another option for clients who may prefer a shorter-term solution while they assess how the market develops."
