Fleet has cut mortgage rates for houses in multiple occupation and multi-unit freehold blocks by up to 15 basis points.

The lender has today made price reductions to deals in the 75% loan-to-value tier.

A two-year fixed with £1,999 fee has fallen by 15bps to 5.49% from 5.64%, with a maximum loan size of £750,000.

A two-year fixed with 3% fee has been reduced by 10bps to 4.24% from 4.34% for properties with an energy performance certificate (EPC) rating of A to C, and to 4.34% from 4.44% for those rated D or below.

A fee-free two-year fix has dropped by 10bps to 5.89% from 5.99%.

A five-year fixed with £3,999 fee as reduced by 10bps to 5.19% from 5.29%, with a maximum loan size of £750,000.

A five-year fixed with 3% fee has been cut by 10bps to 4.89% from 4.99% for EPC A to C properties, and to 4.99% from 5.09% for those rated D or below.

A fee-free option has dropped by 10bps to 5.54% from 5.64%.

All products include £1,000 cashback and have a £199 application fee.

The news comes amid mortgage rate movements in both directions this week by other lenders.

Fleet Mortgages chief commercial officer Steve Cox says: “HMOs and MUFBs remain a core part of many professional landlords’ portfolio strategies, so we’re pleased to make meaningful cuts across both our two- and five-year 75% LTV range.

“We have lowered pricing on all fee options and, combined with £1,000 cashback, these products are designed to support both purchase and remortgage customers who want certainty and flexibility in equal measure.

“We know advisers need options that work for different client strategies and cashflows, and we’ll keep responding quickly to market conditions so advisers and their landlord clients can move with confidence.”