Fleet Mortgage adds five-year fixes, HSBC makes resi rate changes Mortgage Strategy

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Fleet Mortgages has launched a range of five-year fixed-rate products while HSBC has announced rate changes to its residential mortgage product range.

The new rates will be available in all of the lender’s standard, limited company and HMO/Multi-Unit Block (MUB) product ranges.

The rates will be available up to 75% loan-to-value (LTV), the new standard and limited company products are available at a rate of 5.29%, while the HMO/MUB product is offered at 5.69%.

These new, five-year fixed-rate products all come with a fee of 3%, with a minimum of £750.

Fleet Mortgage chief commercial officer Steve Cox says: “There is a lot of noise around the buy-to-let mortgage market at the moment, particularly with the recent Budget, however we know there are still thousands upon thousands of landlords seeking competitive finance for their properties, whether to remortgage or in order to add to portfolios.”

“This new range of five-year fixes come with competitive rates and for all landlord clients will offer monthly payment certainty over an extended period.”

Meanwhile, HSBC has made rate increases and decreases across residential products.

Within the lender’s existing residential customer switching range, two-year fixed fee saver at 70%, 75%, 80%, 85% and 95% loan-to-values (LTVs) will increase while the 60% LTV will decrease.

The five-year fixed standard existing residential customer borrowing more product across 60%, 70%, 75%, 80%, 85% and 90% LTV will see rate increases.

The residential first-time buyer/home mover two-year fixed standard product at 80%, 85% and 90% LTV has increased while the 60%, 70% and 75% LTV has decreased.

There have also been rate increases within the lender’s remortgage range.

The residential remortgage five-year fixed premier exclusive at 60%, 70%, 75%, 80% and 85% LTV have been increased.

HSBC has also made increases to its international range. The five-year fixed standard at 60%, 70% and 75% LTV have been lifted.


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