Fleet Mortgages has cut selected rates on its two and five-year fixed-rate products across all three of its product ranges.

The buy-to-let specialist lender says the reductions of up to 15 basis points, cover its standard, limited company/LLP and houses in multiple occupation and multi-unit block products.

The deals are:

Standard and limited company/LLP – two-year 65% loan to value fixed rates cut to 2.89% from 2.99%. 75% LTV cut to 3.10% from 3.24%. Products come with a rental calculation of 125% at 5.5% and a 1.5% fee.

• Standard and limited company/LLP – five-year 65% LTV fixed rates cut to 3.14% from 3.29% with a rental calculation of 125% at 3.14%, five-year 75% LTV rate cut to 3.24% from 3.39% with a rental calculation of 125% at 3.24%. Both come with a 1.5% fee.
• HMO/MUB – two-year 65% LTV fixed rates cut to 3.24% from 3.39, 75% LTV cut to 3.39% from 3.54%. Products come with a rental calculation of 125% at 5.5% and a 1.5% fee.
• HMO/MUB – five-year 65% LTV fixed rates cut to 3.43% from 3.53% with a rental calculation of 125% at 3.43%, five-year 75% LTV rate cut to 3.63% from 3.73% with a rental calculation of 125% at 3.63%. Both come with a 1.5% fee.

The lender says it has also simplified its two-year, fixed-rate loans across all three of its ranges by removing its 70% LTV offers.

It now offers two-year products at 65%, 75% and 80% LTV for standard and limited company/LLP, and 65% and 75% for HMO/MUB.

The firm also offers lifetime tracker rates with no early repayment charges across all three ranges, while all standard, limited company and LLP products include either free or discounted valuations.

Fleet Mortgages chief commercial officer Steve Cox says: “Activity levels within the buy-to-let sector continue to strengthen and we are very pleased to be able to announce these price cuts across our two- and five-year fixed rates for all three ranges.

“We’ve also simplified the range by withdrawing our 70% LTV products which should mean advisers have clarity on what we have available and where their landlord borrowers might fit.

“Pricing has been dropped by a minimum of 10 basis points and alongside our fixed-rate options we continue to offer lifetime tracker rates with no early repayment charges.

“These changes ensure landlords’ costs are kept to a minimum and advisers have a wide range of product options from Fleet for those seeking to refinance or looking to add to portfolios.”

These rate cuts are the first since digital lender Starling Bank said it would buy Fleet Mortgages in July.