The buy-to-let specialist says the reductions — among its standard, limited company and houses in multiple occupation/multi-unit block deals — cover:  

• Standard/limited company borrowers – five-year fix up to 70% loan to value, now at 5.34%, and up to 75% LTV at 5.74%; green five-year fix – for properties with an A-C energy performance certificate rating – up to 75% LTV, now at 5.64%  
• Houses in multiple occupation/multi-unit block borrowers — five-year fix up to 70% LTV, now at 5.54%, and up to 75% LTV at 5.88%; green five-year fix up to 75% LTV, now at 5.78%  

The firm says its 70% LTV five-year fixes come with a fee of 5%, while all other products come with a fee of 3%, and revert to bank base rate plus 3%.  

Fleet Mortgages chief commercial officer Steve Cox says: “With a greater degree of confidence in the future trajectory of rates, and some belief that we may have reached a peak – or at least are close to it – we’ve been able to reflect this in these new product rates, all 20 basis points off their previous levels.  

“We’re acutely aware that lowering rates in this way eases some of the affordability challenges facing landlords, and we believe this range of longer five-year fixes will secure some considerable cut-through for those landlord borrowers who are either seeking purchase or remortgage finance.”