Fleet cuts fixed rates across landlord range

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  • 10/04/2018
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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.”

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