"As a lender, we are focused on supporting advisers and their landlord clients with a competitive offering that reflects the needs of the moment, and these changes are yet another example of that commitment in action"
- Steve Cox - Fleet Mortgages
Fleet Mortgages has lowered rates on several of its two-year fixed buy-to-let products, with reductions of up to 25 basis points across its standard and limited company ranges.
The buy-to-let specialist has applied a 15 basis point cut to its two-year fixed 3% fee products for non-EPC A-C properties, now priced at 3.99%, down from 4.14%. The same 15 basis point reduction also applies to its EPC A-C two-year fixed products, which are now offered at 3.89%, previously 4.04%.
Additionally, the lender has cut 25 basis points from its two-year fixed-fee products. These are now available at 5.39% (reduced from 5.64%) for the £1,999 fee option and 4.39% (down from 4.64%) for the £5,499 option.
All of these products are available at 75% loan-to-value for both standard and limited company borrowers. The fixed-fee options come with a maximum loan amount of £750,000, and all products include a free valuation for properties valued up to £500,000.
“We continue to see strong demand for two-year fixed rates,” said Steve Cox, chief commercial officer at Fleet Mortgages. “Particularly among landlords who want cost certainty in the short term but also want to stay agile in a changing market. By reducing rates on our Standard and Limited Company two-year product ranges, we’re making sure our products remain accessible and relevant.”
He added, “As a lender, we are focused on supporting advisers and their landlord clients with a competitive offering that reflects the needs of the moment, and these changes are yet another example of that commitment in action.”
