Fleet Mortgages

Fleet simplifies range and cuts rates on HMO and limited company products

Fleet Mortgages has cut rates on specific standard, limited company and HMO products.

Among many rate cuts, the lender has reduced the rate on its standard five-year 80% LTV fixed rate product from 3.99% to 3.94%.

Meanwhile, its limited company five-year 75% LTV fix has been reduced from 3.49% to 3.39%, and its two-year 65% LTV fixed rate HMO product has been lowered to 3.14% from 3.39%.

Fleet has also removed 20 products from its range in order to simplify its offering, following feedback from brokers.

Steve Cox, distribution director at Fleet Mortgages (pictured above), said: “After taking feedback from a large number of our intermediary partners, we have decided ‘less is more’ when it comes to the range and have decided to simplify our offering to ease understanding and to ensure advisers are aware of the sectors we operate in and the benefits of using Fleet.

“Our aim, as always, is to ensure we can support advisers’ buy-to-let clients in a variety of ways and that we are both accessible in terms of our admin requirements and can deliver certainty to all concerned.”

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