Buy-to-let lender Fleet Mortgages has launched two new five-year fixed-rate products while also cutting rates across its standard mortgage range. 

The new fixes are available up to 65% LTV. One is offering a rate of 5.64% with a fee of £1,999 and is available up to a maximum loan size of £300,000. 

The other is a fee-free deal with a rate of 5.84%. It is available on loans of up to £2m. 

Alongside this Fleet has cut the rates on its standard five-year fixes at 75% LTV by up to 15bps.

This means that its fee-free product is now available at a rate of 5.94% (previously 6.09%). It is also offering a five year fix at 5.34% which has a 3% fee, with a minimum charge of £750. Both these deals have a maximum loan size of £1m.

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

Fleet says that free valuations are available for properties valued up to £500k, and are discounted for values above this.

Fleet Mortgages chief commercial officer Steve Cox says: “We’ve seen over the last 12-18 months that landlords want options; for some that is in order to meet affordability criteria in a higher rate environment, while for others it is about not adding fees to the loan.

“These new standard rate products, and the price cuts at 75% LTV, provide those options and should hopefully give advisers further product choice to present to those eligible landlord borrower clients, for both remortgage and purchase business.”