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Fleet Mortgages cuts two-year fixed rates and adds green product

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  • 10/05/2023
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Fleet Mortgages cuts two-year fixed rates and adds green product
Fleet Mortgages has reduced the rates across its two-year fixed mortgages and launched a seven-year fixed green product.

The reduced rates apply to its standard buy to let, limited company, houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) products which have been cut by up to 0.2 per cent. 

Now, its standard and limited company products at 75 per cent LTV have respective rates of 5.29 per cent with a two per cent fee. The HMO and MUFB deal at the same tier has a rate of 5.39 per cent and a two per cent fee. 

Fleet Mortgages’ new green product is fixed for seven years and is open to products with an energy performance certificate (EPC) rating of C and above. It has a rate of 4.99 per cent at 75 per cent LTV for standard and limited company borrowers, or 5.09 per cent for HMO/MUFB. 

It has a two per cent fee, which is one per cent lower than the lender’s previous offering of the same product. 

Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “In February we were able to bring two-year fixes back to the market and since then, as rates have stabilised further, we have been able to cut our pricing and are very pleased to be able to announce these further reductions of 20 basis points. 

“As advisers will know, meeting affordability for landlord borrowers remains a high priority, and these price cuts should make that even more achievable for those clients who want a shorter-term deal.” 

“Overall, we continue to look at our range in light of a number of factors and we believe our fixed and tracker options will appeal to a wide range of landlord borrowers,” he added. 

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