Fleet Mortgages has reduced rates by up to 0.25% on all 5-year house in multiple occupation (HMO) and multi-unit freehold block (MUFB) fixed rates, and its Energy Performance Certificate (EPC) A to C variation.
A 65% loan-to-value (LTV) 5-year fixed rate has been reduced by 0.20% to 5.59%, with the 75% LTV also reduced by 0.20% to 5.69%; both products come with a fixed £3,999 fee.
A 75% LTV 5-year fixed rate with a 3% fee (minimum of £750) has been reduced by 0.15% to 5.39%, while the 3% fee EPC A to C product – for those properties with an Energy Performance Certificate Level of C or above – has also been reduced by 0.15% to 5.29%.
Finally, the zero fee 75% LTV 5-year fixed rate has been reduced by 0.25% to 5.89%.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “Landlords are increasingly looking at the property investment opportunities that exist in the HMO and MUFB sector, as they seek the higher yields these type of properties often deliver.
“This is why we continue to offer a specific product range tailored to these, and we’re pleased to be able to reduce pricing across all our five-year fixes, at both 65% and 75% LTV, by up to 25 basis points.
“This will help borrowers with their affordability, and provides advisers with an increasingly competitive product offering for those landlord clients either seeking to purchase or refinance their HMO or MUFB properties.”
