Steve Cox

Fleet Mortgages cuts rates and launches four five-year fixes




Fleet Mortgages has introduced four new 75% LTV five-year fixes to its standard range as well as price cuts on three limited company products.

The BTL specialist lender will be offering these products with rate reductions of 15 basis points.

The new products include:

  • standard — a 3.39% product with a rental calculation of 125% at 5.5% and a 3.59% with a rental calculation of 125% at the initial rate (both come with a 2% fee and a free valuation for properties valued up to and including £500,000, after which a discounted valuation fee will apply)
  • standard — a 3.39% product with a rental calculation of 125% at 5.5% and a 3.59% with a rental calculation of 125% at the initial rate (both come with a 1.75% fee)
  • limited company — a 3.49% product with a rental calculation of 125% at 5.5%, a fee of 1.5%, and a free valuation for properties valued up to and including £500,000 after which a discounted valuation fee will apply; a 3.59% product with a rental calculation of 125% at the initial rate and a fee of 1.5%; a 3.49% product with a rental calculation of 125% at 5.5% and a fee of 1.25%
     

Steve Cox, distribution director at Fleet Mortgages (pictured above), said: “With these products available for both purchase and remortgage, and with more flexible criteria around income, age and portfolio lending size, we believe there will be plenty to interest advisers’ BTL clients with both these products and our entire range.”

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