Fleet Mortgages, the buy-to-let specialist lender, has returned to offering 80% loan-to-value (LTV) buy-to-let products across two of its three core areas of lending – standard and limited company/LLP.
The 80% 2-year fix for standard and limited company/LLP borrowers is priced at 3.89% and comes with a 2% fee, while the 5-year fix is priced at 4.15%, also with a 2% fee.
All 2-year fixes come with a rental calculation of 125% at 5.5%, while 5-year fixes are payrate products with a rental calculation of 125% at the pay rate. Fleet’s 80% LTV products includes either a free or discounted valuation.
Fleet Mortgages also offers products for landlords seek to purchase or remortgage HMOs and multi-unit blocks – these are available at both 65% and 75% LTV levels, with 2-year pricing starting at 3.24% and 5-year at 3.43%
The return to 80% LTV lending comes after Fleet relaunched its product range at the end of October with price reductions across the board.
Fleet continues to assess documents within 24 hours, conducting same-day DIP reviews and providing valuation turnarounds within 24 hours.
Fleet Mortgages’ product guide and full list of lending criteria is available to view by visiting its new website at: www.fleetmortgages.co.uk
Steve Cox, chief commercial officer at Fleet Mortgages, said: “Last week we were able to launch our first new product range fully funded by our parent, Starling Bank. This week we are adding 80% LTV products back into our offering, with mortgages available in both our standard, and limited company and LLP ranges. The new products have already received an excellent response and we’re confident that moving back into the 80% LTV space also provides advisers with a number of new options suitable for their landlord clients.”
