Buy-to-let specialist lender Fleet Mortgages has launched new 80% loan-to-value products and introduced a series of rate cuts.

The new products are two-year fixed-rate buy-to-let mortgages, offered at 3.89% up to 80% LTV, and five-year fixed-rate products at 4.15%, also up to 80% LTV, for standard and limited company and LLP borrowers.

Its two-year options come with a rental calculation of 125% at 5.5%, while the five-year deals come with a rental calculation of 125% at payrate. All new products carry a 2% fee.

The firm’s new products and rate cuts launch today (9 July).

Its rate cuts include:

Two-year fixed-rate mortgages for standard and limited company and LLP landlord borrowers cut to 2.99%, from 3.04%, for 65% LTV, 3.14, from 3.24%, for 70% LTV, and 3.24%, from 3.34%, for 75% LTV. All products come with a 1.5% fee, and a rental calculation of 125% at 5.5%.

Two-year fixed-rate mortgages for houses in multiple occupation or multi-unit block borrowers cut to 3.49%, from 3.54%, for 70% LTV and 3.54%, from 3.69%, for 75% LTV. Again, all products come with a 1.5% fee and a rental calculation of 125% at 5.5%.

Five-year fixed-rate mortgages for standard and limited company or LLP landlord borrowers cut to 3.29%, from 3.44%, at 65% LTV and 3.39%, from 3.49%, for 75% LTV. The standard products come with a 1.5% fee and the limited company products have a fee of 1.75%, and the rental calculation is 125% at payrate.

And five-year fixed-rate mortgages for houses in multiple occupation or multi-unit block borrowers cut to 3.53%, from 3.59%, at 65% LTV and 3.73%, from 3.79%, for 75% LTV. Each comes with a fee of 1.5% and a rental calculation of 125% at payrate.

The firm says its standard and limited company products include either free or discounted valuations – and also offers lifetime tracker rates with no early repayment charges across the three core areas of its range: standard, limited company and LLP, and houses in multiple occupation or multi-unit block.

Fleet Mortgages chief commercial officer Steve Cox says: “The first half of 2021 has undoubtedly been a very busy time in the landlord purchase space, and we anticipate this will continue through to the end of the partial stamp duty holiday period and beyond.

“Plus we’ll see landlords utilising their portfolios via remortgage activity in order to access the equity for further purchases.

“Landlords can see that the fundamentals for the private rental sector remain incredibly strong, with tenant demand growing, rental yield pushing up, and strong capital returns over a long time horizon.”