Fleet Mortgages has cut rates across its two-year fixed-rate products by as much as 50 basis points.

The buy-to-let (BTL) specialist lender’s houses of multiple occupancy (HMO)/multi-unit block (MUB) range two-year fixed rate with a 3% fee, also available up to 75% LTV, has been reduced by 40 basis points, from 4.99% to 4.59%.

The EPC A to C version of the product has also been lowered from 4.89% to 4.49%.

The fixed-fee version for HMO/MUFB has been cut by 50bps, from 6.29% to 5.79% and comes with a fee of £1,999.

On its standard and limited company two-year fixes, up to 75% LTV with a 3% fee, rates have been reduced by 30bps from 4.69% to 4.39%.

While its two-year EPC A to C product has also been reduced by 30bps from 4.59% to 4.29%.

The two-year fixed-fee, fixed-rate product for standard and limited company borrowers, currently priced at 4.89% has had its fee reduced by £400, and is now set at £5,499.

Fleet Mortgages chief commercial officer Steve Cox says: “We’re very pleased to be announcing some substantial rate cuts of up to 50 basis points across a number of our two-year fixes, plus we’ve also been able to cut the fixed-fee on our two-year product for limited company and standard borrowers.”

Meanwhile, Market Harborough Building Society will lower its standard variable rate (SVR) by 0.20% to 7.79% on 1 March.

The society’s SVR reductions mean its residential and let discount rates will also reduce by 0.20%.

Residential, including larger loans up to £5m, BTL, holiday let, and expat will all benefit from the cut while fixed rates and bridging finance rates will be unaffected.

The new rates will be 5.29% for fixed rates and 5.64% for variable rates on residential tier one cases up to 75% LTV with a £1,495 product fee.

There will also be a 5.55% fixed and 5.90% variable for BTL tier one cases up to 75% LTV, including top-slicing and lending into retirement as standard.

Market Harborough’s head of mortgage distribution Iain Smith says: “Our promise to be Best for Brokers remains as firm as ever, and we’re always looking for ways to make it even easier for brokers to place their cases.”

“These latest reductions will make our range of specialist lending solutions for loans up to £5m even more accessible for clients wanting flexibility, including our range of lifetime discounts.”