Fleet Mortgages has cut rates between 0.15% and 0.30% on both 2- and 5-year 75% loan-to-value (LTV) products for standard and limited company borrowers.
Products covered include a 2-year fixed-rate, which comes with a 3% fee (minimum of £750), now has a rate of 4.69%, down from 4.99%.
In addition, a 5-year fixed-rate, which has no fee, now comes with a rate of 5.74%, down from 5.89%.
Fleet said the cuts were to support landlord borrowers seeking both short-term and longer-term mortgage horizons, with significant drops in pricing that would help advisers offer further competitive rate buy-to-let (BTL) options.
The product cuts followed last week’s launch of three new house in multiple occupation (HMO) products, price cuts to existing HMO products, plus other cuts to both 65% and 75% LTV 5-year, fixed-fee standard and limited company products.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “Last week we were able to launch new HMO products, plus cut rates right across our three core areas.
“This week we are able to announce further rate cuts for those standard and limited company borrowers who are seeking either two- or five-year fixed-rate options.
“As always we seek to complement rates and fee levels, offering no-fee, fixed-fee and percentage fee options right across our range.”
He added: “Today, we are dropping pricing by between 0.15 and 0.30% offering competitive rates that should aid landlords as they seek to meet affordability and secure the loan sizes they require.
“The Autumn is set to be a busy time for the mortgage market, particularly in terms of remortgage business, and we would urge advisers to contact their regional sales team member to see how Fleet can support their needs and those of their landlord borrowers in the months ahead.”
