"We know that many landlord borrowers continue to value mortgage payment certainty for a long period, and these rate cuts should appeal to them"
- Steve Cox - Fleet Mortgages
Buy-to-let specialist lender, Fleet Mortgages, has announced rate cuts of 15 basis point cuts on its range of standard and limited company five-year, fixed-rate products.
65% LTV zero fee fixed rate has been cut to 5.49% from 5.64% and 75% LTV zero fee rate cut to 5.59% from 5.74%. 65% LTV £3,999 fixed-fee, rate cut to 5.24% from 5.39% and 75% LTV £3,999 fixed-fee rate cut to 5.34% from 5.49%.
All products come with a free valuation for properties up to £500k, while there is a maximum loan of £750k on the fixed-fee products
The five-year fixed-rate cuts come after similar cuts for Fleet’s two-year fixed-rate products and the launch of new two-year trackers earlier in the month.
“There has been a recent shifting in the markets and, coupled with the strength of our funding, we have been able to make not just these cuts to our standard and limited company five-year fixes, but last week to our two-year fixes as well," explained Steve Cox, Chief Commercial Officer at Fleet Mortgages, "We know that many landlord borrowers continue to value mortgage payment certainty for a long period, and these rate cuts should appeal to them, and to help them meet affordability in order to get the size of the loans they require.
He added, "Whether opting for a fixed- or zero-fee option, Fleet’s five-year fixes are now even more competitive and, as always, we are here to support advisers with all their buy-to-let landlord client needs.”
