Fleet launches two-year fixes, lowers existing deals by 10bps Mortgage Finance Gazette

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Fleet Mortgages has launched two-year fixed-rate mortgages and reduced the price of some of its existing two-year deals.

Fleet has launched a new £1,999 fixed fee two-year fix available in its standard and limited company range with a rate of 5.19%, with a zero-fee option available at 5.69%.

It has also launched a zero-fee option within its houses of multiple occupancy and multi unit freehold block range, available at 6.09%.

All new two-year fixed-rate products are offered up to 75% loan-to-value (LTV).

In addition, the lender has lowered its existing standard and limited company two-year fixes by 10 basis points.

It has cut both its 3% fee options by 10bps to 4.04%, which is available to those purchasing or remortgaging a property with an energy performance certificate (EPC) of A to C.

For non-EPC A to C properties, the rate has been lowered to 4.14% and it has cut its £5,499 fixed-fee option to 4.64%.

Fleet Mortgages chief commercial officer Steve Cox says: “We’re pleased to be launching these new two-year fixed-rate products, including both fixed-fee and zero-fee options, which are designed to offer greater flexibility for a wider range of borrowers.”

“By reducing pricing on our existing two-year fixes as well, we’re responding to the growing demand we’re seeing from clients who want short-term certainty without necessarily wanting to lock in for too long.”