According to the lender, the newly launched range includes:
Standard – two-year fixes at 2.59% (65% LTV) and 2.69% (75% LTV); five-year fixes at 2.99% (65% LTV) and 3.09% (75% LTV); and trackers at 3.09% (65% LTV) and 3.19% (75% LTV).
Limited company/LLP - two-year fixes at 2.79% (65% LTV) and 2.89% (75% LTV); five-year fixes at 2.99% (65% LTV) and 3.09% (75% LTV); and trackers at 3.09% (65% LTV) and 3.19% (75% LTV).
HMO/MUB - two-year fixes at 3.09% (65% LTV) and 3.19% (75% LTV); five-year fixes at 3.35% (65% LTV) and 3.44% (75% LTV); and trackers at 3.39% (65% LTV) and 3.49% (75% LTV).
All five-year fixes are payrate products with a rental calculation of 125% at the pay rate, while the trackers are lifetime products tracking thing the Bank of England Base Rate with no ERCs. Standard and limited company/LLP products come with either free or discounted valuations.
Steve Cox, Chief Commercial Officer at Fleet Mortgages, commented: “This is an exciting day for Fleet Mortgages as we launch our first new product range fully funded by Starling Bank. At the time of the acquisition, we outlined how this new partnership would allow Fleet to offer highly competitive products and this new range is the first fruits of this partnership. We have been able to cut prices across the entire range and believe these products will appeal to advisers and their landlord clients, whether seeking to purchase or refinance.
"Coupled with our commitment to service excellence and our experience in the buy-to-let market, we believe there are a large number of compelling reasons to use Fleet and would urge advisers to contact their regular business development contacts to see how we can support them.”
