From today, brokers can access standard and limited company products, with five-year fixed rate starting at 6.39 per cent at 65 per cent loan to value (LTV).
At 75 per cent LTV five-year fixed rates in the range are priced from 6.49 per cent and at 80 per cent LTV the rate is 6.73 per cent.
The lender’s green mortgage option in this range, which is eligible on properties with an Energy Performance Certificate of C and above, is 6.39 per cent at 75 per cent LTV.
Seven-year fixed rates start at 6.53 per cent at 75 per cent LTV.
On the houses in multiple occupation (HMO) and multi-unit block side, a five-year fixed rate at 65 per cent LTV is 6.53 per cent and 6.63 per cent at 75 per cent.
The lender is adding tracker products at 75 per cent LTV. Standard and limited company trackers are the base rate plus 1.75 per cent, and HMO and multi-unit block trackers are the base rate plus two per cent.
Green mortgage trackers are also available and go up to 75 per cent LTV. The lender said that these come with a 10-basis point reduction on tracker products in other ranges.
Tracker products come with a two per cent fee and six-month early repayment charge (ERC) period up to 30 June 2023.
Steve Cox, chief commercial officer at Fleet Mortgages, said that whilst there was still some market volatility it was pleased launch a “full new range of buy-to-let products”.
He added: “We believe this new range of fixes, plus our newly-priced trackers, and the launch of brand new green mortgage options, for those purchasing or remortgaging properties with an EPC rating of C and above, will appeal to those landlord borrowers who are seeking finance at this time, whether remortgaging or seeking to add to portfolios.”
He added that the tracker rates were “highly competitive” and gave landlords increased flexibility with the six-month ERC period.
Cox continued: “It was always our intention to move quickly and bring back as full a range of products, in as quick a timescale as possible. We’ll continue to monitor ongoing activity, pricing and business levels, and advisers will always be the first to know when we intend to add further product options to our range.
“We remain absolutely committed to supporting advisers and their buy-to-let landlord borrowers both now and in the future.”
Accord Mortgages brings back BTL range
Intermediary-only lender Accord Mortgages has launched a range of buy-to-let mortgages following its temporary withdrawal.
The lender returned to the market with an updated range of residential mortgages last week.
Five-year fixed rates at 65 per cent LTV start at 5.84 per cent with a £2,495 fee, £250 cashback and standard valuation.
At 75 per cent LTV, five-year fixed rates are 6.12 per cent and come with a £995 fee, £150 cashback and standard valuation.
Two-year fixed rates at 65 per cent LTV are priced from 6.27 per cent. It is subject to a £1,495 fee, £150 cashback and standard valuation.
All are available for purchase and remortgage.
Jeremy Duncombe, managing director at Accord Mortgages, said: “Following our return to the residential market, we’re pleased to reintroduce a new buy-to-let range to provide choice for brokers and their landlord clients.”
HSBC increases BTL rates
HSBC said that it would reintroduce its UK buy-to-let proposition for purchase, remortgage and existing customer switching and borrowing more.
It added that its two-year fixed rate range was only available for existing customers switching.
The lender added that from today it will be increasing the rate on its five-year fixed-rate standard products between 60 and 75 per cent LTV in its buy-to-let existing customer switching and borrowing more range.
Pricing for purchase buy-to-let starts from 5.44 per cent at 60 per cent LTV and 5.49 per cent for remortgage at the same LTV tier. Both come with a £1,999 fee.
For existing customers borrowing more, pricing begins from 5.04 per cent for a five-year fixed rate at 60 per cent LTV. This comes with £1,999 fee.
For existing customers switching, two-year and five-year fixed rates at 60 per cent LTV start from 5.49 per cent and 5.04 per cent respectively. Both come with a £1,999 fee.
Fee-free options are available for purchase remortgage, existing customer switching and borrowing more.
