Fleet Mortgages has reduced rates across a number of its 2-years fixed buy-to-let products by up to 0.25%, with changes applying to both Standard and Limited Company ranges.
The move responds to ongoing demand for short-term fixed options among landlords seeking flexibility in a shifting market.
The lender has cut its 2-years 3% fee non-EPC A-C product from 4.14% to 3.99%, while its EPC A-C equivalent now stands at 3.89%, down from 4.04%. Both are available up to 75% LTV.
More significant reductions have been made to Fleet’s fixed-fee 2-years products. The £1,999 fee option has been reduced from 5.64% to 5.39%, and the £5,499 fee version is now priced at 4.39%, down from 4.64%.
These options are also available at 75% LTV and come with a free valuation for properties up to £500,000. The maximum loan size on fixed-fee products is £750,000.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “We continue to see strong demand for 2-years fixed rates, particularly among landlords who want cost certainty in the short-term but also want to stay agile in a changing market.
“By reducing rates on our Standard and Limited Company 2-years product ranges, we’re making sure our products remain accessible and relevant.
“As a lender, we are focused on supporting advisers and their landlord clients with a competitive offering that reflects the needs of the moment, and these changes are yet another example of that commitment in action.”
