Fleet Mortgages had reduced rates across its lifetime tracker products by 20 basis points.

These reductions apply to its three core buy-to-let ranges —  standard, limited company/LLP, and HMO/multi-unit freehold block (MUFB).

These changes mean the standard and limited company lifetime tracker at 65% LTV is now priced at 3.39% (BBR plus 2.89%). At 75% these products charge a rate of 3.49% (BBR plus 2.99%).

On its HMO and MUFB product borrowers will pay 3.69% (BBR plus 3.19%) at 65% LTV and 3.79% (BBR plus 3.29%) at 75% LTV.

All Fleet’s lifetime tracker rates come with a rental calculation of 125% at 5.5% and no early repayment charges. Free and discounted valuations apply to all standard and limited company/LLP products.

Fleet Mortgages chief commercial officer Steve Cox says: “For many landlord borrowers, flexibility of finance is absolutely key and the price cuts we are making to our lifetime tracker products provides more attractive rates, lower monthly payments and, if required, the ability to review their mortgage options without having to pay any early repayment charges.”

Cox adds that the lender is keeping rates on hold on its other buy-to-let products at a time when the direction of travel has been to increase rates. He adds: “We are focused on supporting advisers and their landlord borrower clients and would urge firms to contact their BDMs to see how we can continue to help them find the mortgage finance they need.”