Fleet cuts fixed rates across landlord range

by:
  • 10/04/2018
  • 0
Fleet cuts fixed rates across landlord range
Fleet Mortgages is cutting seven fixed-rate deals across its standard, limited company and houses in multiple occupation (HMO) ranges and extended the end dates of all its fixed products.

The three standard products, three limited company deals and one HMO loan have been cut by 0.1%. All the products, except one two-year standard mortgage, are five-year fixes.

All Fleet Mortgages’ fixed-rate end dates have also been changed, with two-year fixes now offered up to 30th June 2020, and five-year fixes to 30th June 2023.

Last month the lender decided to no longer require a floating charge on its limited company cases.

It also confirmed that two-thirds of its purchase mortgage applications were now via limited companies.

Fleet Mortgages chief executive officer Bob Young said: “We’re happy to announce we’re kicking off the post-Easter period with a selection of 10 basis point price cuts across seven of our fixed-rate products.

“In this instance we’re able to cover off all three core ranges – standard, limited company and HMO – with these rate reductions, meaning that all types of landlord and investor borrowers should benefit in this instance.”

There are 0 Comment(s)

You may also be interested in

Bridging

Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.

Commercial

Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
Platform targets first-time buyers with mortgage rate cuts

Platform has reduced rates on a range of fixed-rate mortgages at 85% and 90% loan-to-value (LTV).

Close