As an example of the reductions by the specialist buy-to-let (BTL) lender, its two-year 3% fee Energy Performance Certificate (EPC) A-C products have undergone a 15bps decrease and are now priced at 3.89%, down from 4.04%.
Additionally, its two-year standard products with a 3% fee have been cut from 4.14% to 3.99%.
The two-year fixed-fee products with fees of £1,999 and £5,499 have had a 25bps cut and are now 5.39% and 4.39% respectively, down from 5.64% and 4.64%.
All the products are available at 75% loan to value (LTV) for standard and limited company borrowers. Properties up to £500,000 come with a free valuation, and a maximum loan of £750,000 applies to the fixed-fee products.
Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “We continue to see strong demand for two-year fixed rates, particularly among landlords who want cost certainty in the short term but also want to stay agile in a changing market. By reducing rates on our standard and limited company two-year product ranges, we’re making sure our products remain accessible and relevant.
“As a lender, we are focused on supporting advisers and their landlord clients with a competitive offering that reflects the needs of the moment, and these changes are yet another example of that commitment in action.”
