Fleet Mortgages has launched a refreshed set of 2-year fixed-rate buy-to-let mortgages, alongside rate reductions of up to 10 basis points on several existing products.
The move comes as the lender seeks to provide greater flexibility to landlords and limited company borrowers amid rising demand for short-term certainty.
New additions include a £1,999 fixed-fee 2-year fix at 5.19% and a zero-fee version at 5.69%, both available across Fleet’s standard and limited company product lines.
Within its HMO/MUFB range, a new 2-year zero-fee option has been introduced at 6.09%. All products are available up to 75% LTV.
In parallel, Fleet has made 10 basis point cuts across its current 2-year fixed offerings. These include a reduction to 4.04% for properties with an EPC rating of A-C and 4.14% for those without, both with a 3% fee. The £5,499 fixed-fee 2-year option has also been lowered to 4.64%.
Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “We’re pleased to be launching these new 2-year fixed-rate products, including both fixed-fee and zero-fee options, which are designed to offer greater flexibility for a wider range of borrowers.
“By reducing pricing on our existing 2-year fixes as well, we’re responding to the growing demand we’re seeing from clients who want short-term certainty without necessarily wanting to lock in for too long.
“We know short-term fixes are proving more attractive, particularly to borrowers who anticipate further rate reductions or market shifts in the near future.
“These products provide a valuable bridge allowing people to manage their costs today, while preserving a large degree flexibility for tomorrow. In a market where borrower needs are diversifying rapidly, it’s essential we continue to evolve our range to meet that demand head-on.”
