Buy-to-let specialist lender, Fleet Mortgages, has relaunched into the market with a range of 2- and 5-year fixed-rate mortgages in its three core ranges – standard, limited company and HMO/MUB (Houses in Multiple Occupation/Multi-Unit Blocks).
The 2-year fixed-rate mortgage, available up to 75% loan-to-value (LTV), is priced at 5.69% for standard and limited company borrowers, and 5.79% for HMO/MUB borrowers, with a 2% fee.
Fleet Mortgages is also offering 5-year fixes at three different LTV options, each with varying rates and fees. The new range includes ‘Green’ 5-year fixed-rate options for those purchasing or remortgaging a property with an Energy Performance Certificate (EPC) rating of C or above, available at 75% LTV.
In addition to the fixed-rate offerings, Fleet continues to provide both Tracker and Green Tracker product options, available up to 75% LTV. All standard and limited company products come with a free valuation for loans up to £500,000, after which the valuation is available at a discounted price.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “At the end of May we unfortunately had to pull our fixed-rate products but it was always our intention to relaunch back to market as quickly as possible.
“I’m pleased to say we’ve been able to do this in just over a week, with these new 2- and 5-year fixes across our three core ranges available today, and also our Green five-year fixes which come with keener rates for those properties at EPC Level C and above.
“At the same time, we have relaunched our five-year fix at 70% LTV – a lower rate/higher fee product, which we know is a popular option as advisers seek to secure the loan amounts required by landlord borrowers in today’s environment.
“Our intention is to keep reassessing our product range, and the options we can offer, and we hope to return with a broader product offering in the weeks ahead.
“We’d like to thank our intermediary partners for their patience over the last week or so; we remain absolutely committed to this sector and providing the buy-to-let mortgage finance their landlord clients continue to need at competitive rates.”
