Fleet Mortgages has announced a series of rate reductions across its 2-year and 5-year 75% loan-to-value (LTV) buy-to-let products.
The specialist lender has cut rates by between 0.10% and 0.15% across both standard and limited company ranges.
Its 2-year, 3% fee 75% LTV product for properties with an EPC rating of A-C has been reduced from 3.89% to 3.79%, while the equivalent option for EPC D and below has been lowered from 3.99% to 3.89%. Both products now carry end dates of February 2028.
Across the 5-year 75% LTV range with a 3% fee, pricing has been reduced to 4.54% for EPC A-C properties and to 4.64% for properties rated D and below.
On its zero-fee, 5-year 75% LTV product, the rate has been cut from 5.34% to 5.19%, while the £1,999 fixed-fee option has been reduced from 5.09% to 4.99%.
Fleet has also withdrawn all of its 55% LTV products and a number of those offered at 65% LTV.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “These changes highlight Fleet’s ongoing commitment to providing highly competitive pricing across the most in-demand parts of the buy-to-let market for landlord borrowers.
“By cutting rates on both our core 2-year and 5-year fixed 75% LTV products, we are hopefully providing advisers with a stronger array of competitive solutions to take to their landlord clients.”
