All 13 new products are available with immediate effect.
The standard and limited company products are offered with a rental calculation of 125% at 5%.
The product range is divided into two- and five-year fixed rate deals, plus lifetime trackers.
Product highlights include:
Standard
• two-year, 75% LTV fixes at both 2.99% (maximum loan size: £200,000) and 3.49% (maximum loan size: £750,000); five-year fix at 3.99%; and lifetime tracker Libor plus 3.5%, currently 3.82%.
Limited company
• 65% LTV two-year fixed-rate at 3.29% and five-year fix at 3.69%; 75% LTV two-year at 3.49% and five-year at 3.99% – both fixed rates; and lifetime tracker at Libor plus 3.5%, currently 3.82%.
- Fleet appoints BDM for the South East
- Specialist lender wins Employer of the Year award
- Fleet Mortgages hits £500m mark in under 18 months
HMO
• two-year fixes at 3.39% (65% LTV) and 3.69% (75% LTV); five-year 75% LTV fix at 3.99%; and lifetime tracker at Libor plus 3.5%, currently 3.92%.
Fleet Mortgages believes the two-year, fixed rate deals across the three product groupings are particularly competitive.
The company can lend on shared accommodation properties and single/multiple assured shorthold tenancies to both portfolio and first-time landlords.
Bob Young, chief executive officer of Fleet Mortgages, said: “This new range of buy-to-let products – across our three core areas – is highly competitive and comes with a further significant benefit in the form of our ICR [interest coverage ratio], which is 125% at 5% for standard and limited company products.
“Having spoken to our intermediary partners, we are acutely aware of their desire for simplicity, competitive rates and a quality service that provides them with certainty.
“This new range has been designed to do just that."
Leave a comment