Fleet cuts rates across all tracker products

Fleet Mortgages has reduced rates by 20 bps across all lifetime tracker BTL products available as part of its standard, limited company/LLP and HMO/MUFB core ranges.

The tracker products for standard and limited company are now available at 3.39% at 65% LTV and 3.49% at 75% LTV.

Meanwhile the HMO/MUFB tracker options are priced at 3.69% at 65% LTV and 3.79% at 75%LTV.

All Fleet’s lifetime tracker rates come with a rental calculation of 125% at 5.5% and no ERCs.

Free and discounted valuations apply to all standard and limited company/LLP products.

Steve Cox, CCO at Fleet Mortgages (pictured above), commented: “For many landlord borrowers, flexibility of finance is absolutely key and the price cuts we are making to our lifetime tracker products provides more attractive rates, lower monthly payments and, if required, the ability to review their mortgage options without having to pay any ERCs.

“At a time when the direction of travel for many BTL lenders looks likely to be to increase rates, Fleet is able to offer price cuts here and keep rates the same on all other products. 

“Plus, we continue to offer free and discounted valuations for both individual and limited company/LLP borrowers which will help with their upfront costs. 

“Overall, we are completely focused on supporting advisers and their landlord borrower clients and would urge firms to contact their BDMs to see how we can continue to help them find the mortgage finance they need.”

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