Fleet Mortgages has cut rates by 0.20% on its 2-year fixed-rate products at 75% loan-to-value (LTV).
The 2-year fixed rates for both standard and limited company ranges are now 4.29%, down from 4.49%.
Each product comes with a free valuation, a £199 application fee, and a 3% completion fee with a minimum of £750.
The rate for the house in multiple occupation (HMO) and multi-unit freehold block (MUFB) 2-year fixed mortgage has dropped to 4.59% from 4.79%, a reduction of 0.20%.
This product also includes £1,000 cashback, a £199 application fee, and a 3% completion fee (minimum £750).
These changes follow last week’s launch of new 2-year tracker mortgages.
The standard and limited company tracker products are available at Bank Base Rate (BBR) plus 0.75% (currently 4.5%), while the HMO and MUFB tracker is set at BBR plus 1.4% (currently 5.15%).
Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “It’s positive to be able to follow last week’s tracker launch with these reductions across our two-year fixed-rate products, particularly given the backdrop of ongoing rate volatility.
“We are very aware advisers and landlord borrowers are having to assess their options carefully, balancing short-term pricing, swap rates and expectations for Bank Base Rate against each other, and these changes are designed to ensure our fixed-rate products remain competitive within that mix.
“At the same time, maintaining a broad spread of options across Standard, Limited Company and house in multiple occupation (HMO)/multi-unit freehold block (MUFB) lending is key.”
Cox added: “Different landlord borrowers will have different priorities, whether that’s certainty of payment or flexibility, and it’s important we continue to support them with solutions that reflect that.
“These latest changes are about giving brokers the ability to place cases with confidence, knowing they have access to strong pricing and a range that can meet varied landlord requirements.”
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