Fleet Mortgages has introduced a series of 0.15% rate cuts to its range of standard and limited company 5-year, fixed-rate products.
The products subject to the rate cuts include a 5-year 65% loan-to-value (LTV) zero fee fixed-rate cut to 5.49% from 5.64%, and a 5-year 75% LTV zero fee rate cut to 5.59% from 5.74%.
In addition, a 5-year 65% LTV £3,999 fixed-fee will be reduced to 5.24% from 5.39% and a 5-year 75% LTV £3,999 fixed fee rate will be cut to 5.34% from 5.49%.
All products come with a free valuation for properties up to £500,000, while there is a maximum loan of £750,000 on the fixed-fee products
Steve Cox, chief commercial officer at Fleet Mortgages, said: “There has been a recent shifting in the markets and, coupled with the strength of our funding, we have been able to make not just these cuts to our standard and limited company 5-year fixes, but last week to our 2-year fixes as well.
“We know that many landlord borrowers continue to value mortgage payment certainty for a long period, and these rate cuts should appeal to them, and to help them meet affordability in order to get the size of the loans they require.
“Whether opting for a fixed- or zero fee option, Fleet’s 5-year fixes are now even more competitive and, as always, we are here to support advisers with all their buy-to-let landlord client needs.”
