Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Fleet Mortgages Reduces Rates and Launches New Buy-to-Let Products

Fleet Mortgages has announced rate reductions across its standard, limited company, and house in multiple occupation (HMO)/multi-unit freehold block (MUFB) product ranges. The lender has also introduced new fixed-rate mortgage options for buy-to-let landlords.

Within its standard and limited company ranges, Fleet Mortgages has reduced rates by 30 basis points on two-year fixed rate products at 75% loan-to-value (LTV) with a 3% fee. This includes Energy Performance Certificate (EPC) A-C variants, with rates now at 4.19% and 4.09% respectively. A new two-year fixed rate zero-fee mortgage at 75% LTV is now available at 5.74%.

Five-year fixed rate 75% LTV products with a 3% fee have been reduced by 10 basis points to 4.94%, and the EPC A-C product is now at 4.84%.

In the HMO/MUFB range, Fleet Mortgages has launched two new two-year fixed rate products up to 75% LTV: a zero-fee option at 6.15% and a £1,499 fixed-fee product at 5.69%. The lender has also reduced rates on its five-year fixed rate 75% LTV HMO/MUFB products. The zero-fee mortgage has been cut by 15 basis points to 5.99%, and the fixed-fee product has been reduced by 10 basis points to 5.69%, with a £1,500 reduction in the product fee to £2,499. Five-year HMO/MUFB products with a 3% fee have been reduced by 10 basis points to 5.19%, and the EPC A-C product is now at 5.09%.

All products are available for both house purchase and remortgage, with a minimum loan size of £25,001. Selected fixed-fee products are available up to a maximum loan size of £750,000.

These changes may be relevant to letting agents and inventory clerks working with landlords seeking new mortgage options or refinancing existing properties.