Fleet Mortgages has relaunched a number of 75% loan-to-value (LTV) fixed-rate products across its core buy-to-let (BTL) lending ranges.
The lender is offering both a two-year and five-year option within its standard, limited company and HMO/multi-unit freehold block (MUFB) ranges.
For standard and limited company landlord borrowers, the two-year fixed-rate is available at 4.29%, while the five-year fixed rate is available at 5.04%.
The completion fee is 3% (minimum of £750), and each product comes with a free valuation up to £500k.
HMO and MUFB landlord borrowers can access a two-year fixed rate at 4.59%, or a five-year fixed-rate at 5.49%. The completion fee is also 3% (minimum £750).
Fleet says it will “seek to add further fixed-rate products across its range as soon as possible but the current market volatility was requiring it to make changes with a shorter than ideal timescale”.
Alongside these new fixed-rate products, Fleet continues to offer a full range of 75% LTV tracker products, pegged to Bank Base Rate, with both fixed-fee and percentage fee options.
Fleet Mortgages chief commercial officer Steve Cox says: “We took the decision to withdraw our previous fixed-rate range in order to respond quickly to the volatility we have been seeing in recent days, and to ensure we could return with products as soon as possible that remain both competitive and sustainable.”
“This relaunch brings back 75% LTV fixed-rate options across our Standard, Limited Company and HMO/MUFB ranges, providing advisers with both two-year and five-year choices depending on the needs and strategy of their landlord clients.”
Yesterday, Fleet Mortgages announced it was going to withdraw all of its fixed rate products including product transfers.