Fleet Mortgages

Fleet Mortgages reprices product range




Fleet Mortgages has announced that it has revamped and repriced its product range.

Both standard and HMO products are now available at Libor plus 3.2%, while the limited company option is available at Libor plus 3.3%.

Other repriced products include:

  • standard: two-year, fixed rate product with 75% LTV at 3.09% and a five-year, fixed rate product with 75% LTV at 3.85%
  • limited company: two-year, fixed rate product with 65% LTV at 3.39% and with 75% LTV at 3.59%; five-year fixed rate with 65% LTV at 3.89% and with 75% LTV at 3.99%
  • HMO/multi-unit block: two-year fixed rate with 65% LTV at 3.59% and with 75% LTV at 3.69%; five-year fixed rate with 75% LTV at 4.19%.

Bob Young, chief executive officer at Fleet Mortgages (pictured above), said: “As can happen, swap rates have moved in recent weeks and it’s important – as a responsible lender – that we react to this, hence the repricing across the majority of our product range today.

“The start to the new year has been an incredibly positive one for Fleet Mortgages and it’s safe to say we’re busier than anticipated and already past our budgetary targets.

“We are embracing the ‘professionalisation’ of the buy-to-let market and advisers are increasingly using us because of our experience and service in this part of the market.

“We anticipate business levels to continue in this strong vein, are bolstering our BDMs across the country, and we are there to provide resource and support to our advisory partners in order to help their clients and develop their business offering.”

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