Fleet Mortgages has detailed its new rates and tracker products first announced yesterday.

The buy-to-let lender has chopped 0.05 per cent off all its standard and limited company products, meaning that 75 per cent LTV two-year fixes now start at 3.44 per cent, 70 per cent LTV two-year fixes at 3.29 per cent, and 60 per cent LTV two-year fixes at 3.19 per cent.

For five-year fixes, 75 per cent LTV product rates now start at 3.69 per cent, at 70 per cent LTV, 3.59 per cent, and for 60 per cent LTV products, rates begin at 3.54 per cent.

Reversion rates on these new products will drop to the bank base rate plus 5 per cent instead of today’s 5.1 per cent and HMO/MUB products will revert to the base rate plus 5.25 per cent, instead of 5.34 per cent, as they would today.

The new tracker products comprise a standard or limited company product, which at 75 per cent LTV starts at 3.55 per cent and an HMO/MUB product which, at 75 per cent LTV, starts at 3.56 per cent.

Fleet distribution director Steve Cox says: “These product changes and additions reinforce our commitment to the BTL sector and the intermediaries that service landlord borrowers.

“With free and discounted valuations also available, we are aiming to provide a range and service which will help facilitate a greater number of transactions and help move the market forward in what remains a challenging environment.”