"Remortgage demand remains a key part of the buy-to-let market, and we know that a considerable number of mortgages will be coming up for maturity through 2026, with advisers looking at options for those landlord clients"
- Steve Cox - Fleet Mortgages
Fleet Mortgages has announced that it has introduced a new range of two- and five-year remortgage products at 75% LTV for standard, limited company and HMO/MUFB borrowers. Each product includes cashback ranging from £500 to £1,000, depending on the deal selected.
Rates for the new remortgage products start at 4.54%. Borrowers must have owned the property for at least six months to be eligible.
Alongside the new remortgage options, Fleet has reduced rates across a broad selection of existing products. The lender cut two- and five-year fixed rates by up to 20 basis points, with reductions applying to both fee-paying and zero-fee options across its standard, limited company and HMO/MUFB ranges.
Fleet has also repriced its lifetime tracker products, cutting rates by 25 basis points following the recent Bank Base Rate reduction. Two-year tracker products have been updated for standard, limited company and HMO/MUFB borrowers, with the lender replacing percentage-based fees of 3% with a fixed fee of £1,499.
In addition, Fleet expanded its range with a new five-year fixed-rate, fixed-fee product. The deal is priced at 4.79% with a £4,000 fee, available up to 75% LTV for standard and limited company borrowers. The maximum loan size for this product is £750,000.
Key changes across the range include:
New two- and five-year remortgage products at 75% LTV with £500 to £1,000 cashback
Rate reductions of up to 20 basis points across selected fixed-rate products
Lifetime tracker rates reduced by 25 basis points following the BBR cut
A new five-year fixed-rate product at 4.79% with a £4,000 fee
Fleet said the changes aim to give advisers and landlords greater flexibility when choosing between rates, fees and borrowing levels.
“Remortgage demand remains a key part of the buy-to-let market, and we know that a considerable number of mortgages will be coming up for maturity through 2026, with advisers looking at options for those landlord clients,” said Steve Cox, chief commercial officer at Fleet Mortgages.
“We wanted to respond with products that give advisers and landlords something meaningful to consider, in terms of rates, fees and a cashback offering. The launch of this new remortgage range, all with cashback, is designed to support borrowers who are refinancing and looking to improve their position, whether that is through lower monthly costs, greater certainty or a cash benefit on completion.”
“Alongside this, we have made rate reductions across our three core ranges. These changes reflect improvements in pricing conditions and allow us to pass that on to landlord borrowers. We have also repriced our tracker range following the recent BBR cut, ensuring our products remain competitive across both fixed and tracker options.”
“Products with different fee structures have also been added in order to widen choice. Some landlords will focus on headline rate, others on fees or loan size, and advisers need these options that can flex around those needs. Our aim is to keep our range clear, competitive and practical, and we will continue to review pricing and products as the market develops.”
