Fleet Mortgages has cut rates by 0.15% across a range of 2-year and 5-year fixed buy-to-let (BTL) mortgages.
The reductions cover its core standard, limited company, and house in multiple occupation (HMO)/multi-unit freehold block (MUFB) ranges.
For 75% loan-to-value (LTV) 2-year fixes, Fleet brought down its standard and limited company product for properties with an energy performance certificate (EPC) of A to C from 4.29% to 4.14%.
The equivalent product for non-EPC A to C was reduced from 4.39% to 4.24%.
Both have a 3% fee, with a minimum of £750.
Meanwhile, the fixed-fee £5,499 deal dropped from 4.89% to 4.74%.
The HMO/MUFB options saw the 3% fee EPC A to C rate drop from 4.49% to 4.34% and non-EPC A to C from 4.59% to 4.44%.
The £1,999 fixed-fee rate fell from 5.79% to 5.64%.
5-year fixes were reduced on both 65% and 75% LTV products.
The standard or limited company 65% LTV rate with no completion fee dropped from 5.49% to 5.34%.
The 75% LTV option with zero fee went from 5.59% to 5.44%.
For 75% LTV 5-year fixes with fees, the EPC A to C product moved from 4.89% to 4.74% and non-EPC A to C from 4.99% to 4.84%, both with a 3% fee (minimum £750).
HMO/MUFB 5-year fixes with a 3% fee dropped from 5.29% to 5.14% for EPC A to C, and non-EPC A to C from 5.39% to 5.24%.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “Market rate movements in recent weeks have been trending downwards in anticipation of future cuts by the Bank of England.
“Last week’s UK inflation figures appear to cement that trend which may well see action being taken at next month’s MPC meeting.
“Given these movements and the strength of our funding model, Fleet is able to make today’s announcement and we are very pleased to be cutting rates by 15 basis points across a wide variety of both 65% and 75% LTV two- and five-year fixes, with different fee structures – percentage-based, fixed-fee and some with no completion fees at all.”
Cox added: “There will always be a strong cohort of landlord borrowers who want monthly mortgage payment certainty, and the only way they can secure this is via a fixed-rate mortgage, whether two- or five-year.
“These new rates are highly competitive and should allow advisers to present a positive mortgage picture to their landlord borrower clients, and to help them either fund a new purchase or refinance their current deals to secure their portfolio ambitions over the next two- or five-year period.”
