Buy-to-let (BTL) specialist lender Fleet Mortgages has relaunched its range of 65% and 75% loan-to-value (LTV) 5-year fixed-rate products, with both fixed and zero fee options.
The products are available across three ranges: standard, limited company, and house in multiple occupation (HMO)/multi-unit block (MUB).
The standard and limited company ranges offer fixed-fee products with a £3,999 fee and rates of 5.39% at 65% LTV and 5.49% at 75% LTV.
Zero-fee options are also available with rates of 5.64% at 65% LTV and 5.74% at 75% LTV.
The HMO/MUB range offers fixed-fee products with a £3,999 fee and rates of 5.79% at 65% LTV and 5.89% at 75% LTV, while the zero-fee option is only available at 75% LTV with a rate of 6.14%.
Fleet Mortgages research found that these products would provide choice based on the landlord borrower’s priority and be affordable and accessible for the widest array of landlords possible, whether purchasing or seeking to refinance properties.
The relaunched products followed the relaunch of Fleet’s 2-year and 5-year fixed-rate products for landlord borrowers purchasing or remortgaging a property with an Energy Performance Certificate (EPC) rating of A to C.
Fleet also continues to offer its £1,000 cashback incentive to landlord borrowers who improve the EPC level of their property to a C or above during the course of their initial fixed-rate period.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “Our range is all about offering advisers a growing number of options for their landlord borrowers, whether they wish to have lower upfront costs, via a zero fee option, or want the cheaper rate with a fixed fee.
“These products are designed to provide choice based on the landlord borrower’s priority and with rates available across both 65% and 75% LTV options, we believe they will be affordable and accessible for the widest array of landlords possible, whether purchasing or seeking to refinance properties.
“Coupled with the recent relaunch of our two- and five-year EPC A-C products, we believe the Fleet Mortgages’ product offering is one of the strongest in the market, and would urge advisers to work with our sales team in order to provide all the required products that landlords continue to want and need.”
