Fleet Mortgages launches BTL loans, cuts prices by 20bps    – Mortgage Strategy

Fleet Mortgages has launched new limited company 65% loan-to-value loans and cut pricing on two of its 65% LTV standard products by 20 basis points.  

The buy-to-let specialist lender introduces a pair of five-year limited company fixes — one with a zero-fee option, available at 5.64%, as well as a 5.44% product with a fixed fee of £1,999, available up to a maximum loan size of £300,000.  

It has also cut rates on two of its 65% LTV standard five-year, fixed-rate products by 20bps.  

At this term, the zero-fee option is now available at a rate of 5.64%, previously 5.84%, while the 5.44% product, previously 5.64%, has a £1,999 fixed fee.  

All standard products come with a rental calculation of 125% at pay rate for basic taxpayers and 145% at pay rate for higher-rate taxpayers.   

Free valuations are available for properties valued up to £500,000, and are discounted for values above this.  

Fleet Mortgages chief commercial officer Steve Cox says: “Our aim here is to present advisers with a variety of options for their landlord clients, whether they want a lower rate with a fixed fee to help meet affordability, or they want a zero-fee option.   

“This is about providing a product proposition which works for a variety of wants and needs, for landlord borrowers seeking to either purchase or refinance.”