All appointed representatives (ARs) and directly authorised (DA) members of Mortgage Intelligence will be able to submit business directly to Fleet Mortgages.
Fleet Mortgages’ products are available to individuals, limited companies and HMO investors.
The company has also announced a range of new products, including a two-year fixed loan, with a 70% loan-to-value (LTV) and 1% fee at a rate of 3.09%, for individuals. It is also offering limited companies a two-year fixed rate product, at 65% LTV, with a 1.5% fee at 3.99% and a lifetime tracker with a 70% LTV, a 1.5% fee at 4.5% and rental calculation of 125% at 5%. A two-year fixed rate product for HMO investors is also now available, with a 65% LTV and a 2% fee, at 4.09%.
Bob Young (pictured), Fleet Mortgages chief executive, said: “These are undoubtedly changing times for buy-to-let; however the demand for private rental property and finance to purchase it remains strong. We anticipate a much more professionally focused landlord in the months and years to come, and this is where our business is strongly positioned – in areas like limited company purchases and HMOs.”