Fleet Mortgages has reduced pricing on its two- and five-year 75% loan-to-value (LTV) fixed-rate products, with cuts ranging between 10 and 15 basis points (bps).
The buy-to-let specialist lender confirmed that changes apply to both standard and limited company mortgage options.
For two-year products with a 3% fee, available on properties with an EPC rating of A to C, the rate has been cut from 3.89% to 3.79%. The equivalent product for properties rated EPC D and below has been reduced from 3.99% to 3.89%. End dates for both products now extend to February 2028.
Five-year 75% LTV products with a 3% fee have been reduced by 10bps. Rates now stand at 4.54% for properties with an EPC rating of A to C, and 4.64% for other properties.
Fleet has also lowered pricing on its zero-fee five-year 75% LTV option, which falls by 15bps from 5.34% to 5.19%. The £1,999 fixed-fee version has dropped by 10bps, from 5.09% to 4.99%.
Alongside the reductions, the lender has withdrawn all 55% LTV products and selected options at 65% LTV.
“These changes highlight Fleet’s ongoing commitment to providing highly competitive pricing across the most in-demand parts of the buy-to-let market for landlord borrowers,” said Steve Cox, chief commercial officer at Fleet Mortgages. “By cutting rates on both our core two- and five-year fixed 75% LTV products, we are hopefully providing advisers with a stronger array of competitive solutions to take to their landlord clients.”
