Fleet Mortgages has relaunched five and seven-year fixed-rate buy-to-let offers, as well as new tracker and green home loans.
The BTL specialist lender says among its standard and limited company products it offers five-year fixes priced at 6.39% at 65% loan to value, 6.49% at 75% LTV and 6.73% at 80% LTV.
Its five-year fix green home loan, available on properties with an energy performance certificate rating of C and above, is 6.39% at 75% LTV. There is also a seven-year green fix at 6.53% at 75% LTV.
The firm says its houses in multiple occupation and multi-unit block five-year fixes are priced at 6.53% at 65% LTV and 6.63% at 75% LTV, while a five-year fix for green products for these type of properties is 6.53% at 75% LTV. There is also a seven-year fix priced at 6.63% at 75% LTV.
It also launches 75% LTV tracker products across its three core product ranges. Both standard and limited company/LLP Trackers are available at a rate of bank base rate plus 1.75%, while the houses in multiple occupation and multi-unit block trackers are available at bank base rate plus 2%.
The firm’s new green mortgage tracker products are available to borrowers looking to purchase or remortgage properties, which have an energy performance certificate of A to C, offered at 75% LTV.
These loans come with 10 basis points cut from the lender’s core tracker offers with both standard and limited company/LLP offered at bank base rate plus 1.65%, and houses in multiple occupation and multi-unit blocks offered at bank base rate plus 1.9%.
All of its tracker products come with a 2% fee (minimum £750) and a six-month early repayment charge period up to 30 June 2023, says the business.
Fleet Mortgages chief commercial officer Steve Cox says: “The new tracker rates are highly competitive and, with a bank base rate of 2.25%, are currently around the 4% mark, giving landlords flexibility after the six-month energy performance certificate period ends.
“It was always our intention to move quickly and bring back as full a range of products, in as quick a timescale as possible.
“We’ll continue to monitor ongoing activity, pricing and business levels, and advisers will always be the first to know when we intend to add further product options to our range.”
