Fleet cuts fixed rates across landlord range

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.”