The specialist buy-to-let (BTL) lender has added two- and five-year fixed remortgages for standard, limited company and house in multiple occupation (HMO) and multi-unit freehold block (MUFB) borrowers. The products come with a cashback incentive between £500 and £1,000.
Rates in the range start at 4.54% and are available to borrowers who have owned a property for at least six months.
Fleet Mortgages has also reduced rates across existing products by up to 0.2%, applied to two- and five-year fixed rates with both fee-paying and fee-free options. Its lifetime tracker products have also been repriced by 0.25%, in line with the recent base rate cut. This includes its two-year trackers for standard, limited company and HMO/MUFB borrowers. Further, the 3% fees have been updated to a £1,499 fixed fee structure.
Additionally, Fleet Mortgages has added a five-year fixed rate with a fixed £4,000 fee, priced at 4.79% at 75% LTV. This is available to both standard and limited company borrowers, with a maximum loan size of £750,000.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “Remortgage demand remains a key part of the BTL market and we know that a considerable number of mortgages will be coming up for maturity through 2026, with advisers looking at options for those landlord clients.
Are your clients ready for the first Making Tax Digital reporting deadline?
Sponsored by BM Solutions
“We wanted to respond with products that give advisers and landlords something meaningful to consider, in terms of rates, fees and a cashback offering. The launch of this new remortgage range, all with cashback, is designed to support borrowers who are refinancing and looking to improve their position, whether that is through lower monthly costs, greater certainty or a cash benefit on completion.”
He added: “Products with different fee structures have also been added in order to widen choice. Some landlords will focus on headline rate, others on fees or loan size, and advisers need these options that can flex around those needs.
“Our aim is to keep our range clear, competitive and practical, and we will continue to review pricing and products as the market develops.”
