Fleet Mortgages has introduced a series of rate cuts across its 2-year fixed-rate mortgage products.
On its standard and limited company 2-year fixes, up to 75% loan-to-value (LTV) with a 3% fee, Fleet has cut rates by 0.30% from 4.69% to 4.39%.
While its 2-year Energy Performance Certificate (EPC) A to C product – for those borrowers purchasing or remortgaging a property with an EPC of C or above – has also been reduced by 0.30% from 4.59% to 4.29%.
The 2-year fixed-fee, fixed-rate product for standard and limited company borrowers, currently priced at 4.89% has had its fee reduced by £400, and is now set at £5,499.
In its house in multiple occupation (HMO) and multi-unit block (MUB) range, the 2-year fixed rate with a 3% fee, also available up to 75% LTV, has been reduced by 0.40%, from 4.99% to 4.59%, as has the EPC A to C version of the product, moving from 4.89% to 4.49%.
The fixed-fee version for HMOs and MUBs has been cut by 0.50%, from 6.29% to 5.79%; the fee remains at £1,999.
These rate cuts follow Fleet’s launch of a range of 2-year trackers last week, across all three core parts of its range – standard, limited company, and HMO and MUB.
Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “We’re very pleased to be announcing some substantial rate cuts of up to 0.50% across a number of our 2-year fixes, plus we’ve also been able to cut the fixed-fee on our two-year product for limited company and standard borrowers.
“This will clearly help advisers and their array of landlord borrowers in terms of affordability plus provides payment certainty over the next two years in what is likely to be an uncertain pricing period.
“Our two-year product options, both fixes and trackers, are proving increasingly popular as a growing number of landlord borrowers look for a shorter-term for their purchase and remortgage activity.
“Fleet is here to support advisers with their buy-to-let business and would urge them to contact their regional business development manager (BDM) to see how we can help them deliver further activity and positive outcomes in this area.”
