After pulling fixed rate products late last month, Fleet Mortgages has launched a range of two- and five-year fixed-rate mortgages in its three core ranges – standard, limited company and HMO/MUB.
The specialist buy-to-let lender’s two-year fixed-rate mortgage, available up to 75% LTV is priced at 5.69% for standard and limited company borrowers, and 5.79% for HMO/MUB borrowers. Two-year fixes come with a 2% fee.
Five-year fixes are available at three different LTV options:65% LTV – standard and limited company products are priced at 5.69% and the HMO/MUB product is priced at 5.83%. With a 2% fee.
For 70% LTV – products come with cheaper rates but a higher 5% fee; standard and limited company products are priced at 5.19% and the HMO/MUB product is priced at 5.29%.F
For 75% LTV standard and limited company products have a 5.79% rate and the HMO/MUB product is priced at 5.93%. A 2% fee is applied..
The new range of fixes also includes Green five-year fixed rate options – for those purchasing or remortgaging a property with an EPC level of C and above – available at 75% LTV.
For standard and limited company borrowers, the Green five-year fix is priced at 5.69% and for HMO/MUB borrowers the price is 5.83%. All Green products come with a 2% fee.
All standard and limited company products come with a free valuation, for loans up to £500,000, after which the valuation is available at a discounted price.
Fleet Mortgages chief commercial officer Steve Cox comments on the market return:
“At the end of May, we unfortunately had to pull our fixed-rate products but it was always our intention to relaunch back to market as quickly as possible.
“I’m pleased to say we’ve been able to do this in just over a week, with these new two- and five-year fixes across our three core ranges available today, and also our Green five-year fixes which come with keener rates for those properties at EPC Level C and above”.
“Our intention is to keep reassessing our product range, and the options we can offer, and we hope to return with a broader product offering in the weeks ahead.
