Fleet Mortgages launch green seven-year fixed rate products

By: ameer@trustedteam.com

Fleet Mortgages has announced the launched new green seven-year fixed rate products aimed at landlords looking for longer-term certainty.

The new products are available up to 75% loan-to-value (LTV) for standard, limited company and houses in multiple occupation (HMO) mortgages.

The seven-year products are priced at 10bps below the lender’s existing green five-year fixed rate option and come with a 3% fee.

Fleet is also changing criteria to its leasehold policy.

The policy now requires a minimum lease of 75 years to be in place at completion with a minimum of 50 years at the expiry of the mortgage. Previously it was 40 years.

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