Fleet Mortgages has reduced pricing across its 75% loan-to-value (LTV) HMO and multi-unit freehold block (MUFB) ranges, trimming rates on both 2- and 5-year fixes and extending end dates.
In the 2-year range, the £1,999 fixed-fee product has been reduced by 0.15% to 5.49%, while the 3% fee option has dropped 0.10% to 4.24% for properties with an A to C Energy Performance Certificate (EPC) rating and to 4.34% for D or lower.
The lender’s zero-fee product has decreased by 0.10% to 5.89%, and all now run to 28th February 2028.
5-year fixes have seen a 0.10% cut to 5.19%, on £3,999 fixed-fee product.
The 3% fee deal has fallen to 4.89% for A to C EPC properties and 4.99% for those rated D or below.
The zero-fee product has also been cut to 5.54%.
End dates have been extended to 28th February 2031 and each product includes £1,000 cashback and a £199 application fee.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “HMOs and MUFBs remain a core part of many professional landlords’ portfolio strategies, so we’re pleased to make meaningful cuts across both our two- and five-year 75% LTV range.
“We have lowered pricing on all fee options and, combined with £1,000 cashback, these products are designed to support both purchase and remortgage customers who want certainty and flexibility in equal measure.
“These reductions build on our recent launch of new Standard 65% LTV two-year fixes and underline Fleet’s commitment to offering competitively-priced products backed by consistent service.
“We know advisers need options that work for different client strategies and cashflows, and we’ll keep responding quickly to market conditions so advisers and their landlord clients can move with confidence.”
