Buy-to-let (BTL) lender Fleet Mortgages has confirmed that it will temporarily remove its standard tracker products, following the Bank of England’s base rate hike to 5.0%.
The lender will also pull its green tracker products.
The products will be withdrawn this evening (22nd June), with a view to build new products that reflect the changed rate, which will be released next week.
This news comes after the Broker Collective launched its 24-hour pledge campaign, asking lenders to commit to minimum notice periods for product withdrawals.
