Fleet Mortgages has cut rates on two- and five-year fixed-rates by up to 15 basis points across its three core ranges, standard, limited company and HMO/multi-unit freehold block (MUFB).

For the buy-to-let specialist lender’s 75% loan-to-value (LTV) two-year fixes, standard/limited company products for those who are purchasing/remortgaging a property with an energy performance certificate (EPC) of A to C have been lowered from 4.29% to 4.14%.

The equivalent non-EPC A to C product has been cut from 4.39% to 4.24%. Both come with a 3% fee (with a minimum of £750).

In the same range, the standard/limited company fixed-fee £5,499 product has been cut from 4.89% to 4.74%.

The HMO/MUFB 3% fee EPC A to C product has gone down from 4.49% to 4.34%, while the equivalent non-EPC A to C product has been reduced from 4.59% to 4.44%.

The £1,999 fixed-fee product rate has been cut from 5.79% to 5.64%.

Fleet has also trimmed prices across its five-year fixes, on both 65% and 75% LTV products.

The new standard/limited company 65% LTV rates with no completion fees have been cut from 5.49% to 5.34%, while the 75% LTV rates with no completion fees have gone down from 5.59% to 5.44%.

For 75% LTV five-year fixes, which come with fees, standard/limited company products for those who are purchasing/remortgaging a property with an EPC of A to C has been cut from 4.89% to 4.74%.

The equivalent non-EPC A to C product has been cut from 4.99% to 4.84%. Both come with a 3% fee (with a minimum of £750).

For HMO/MUFB range, the 3% fee EPC A to C product has been cut from 5.29% to 5.14% and the equivalent non-EPC A to C product has been cut from 5.39% to 5.24%.

Fleet Mortgages chief commercial officer Steve Cox says: “These new rates are highly competitive and should allow advisers to present a positive mortgage picture to their landlord borrower clients, and to help them either fund a new purchase or refinance their current deals to secure their portfolio ambitions over the next two- or five-year period.”

Meanwhile, Precise has added to its residential product range with new limited edition products to further enhance its improved residential offering.

The new additions include a two-year fixed rate option aimed at first-time buyers and five-year fix options.

These products include no fees, refunded valuations and £300 cashback.

The two-year fixed products start from 4.79% and are available at 75% LTV and up to 85% LTV with a 1% fee.

The five-year fixed products start from 5.14% and come with no fees, refund of valuation and £300 cashback. The products are available up to 95% LTV and for debt consolidation up to 90% LTV.

OSB Group intermediary sales director Adrian Moloney states: “Precise are committed to delivering residential solutions to brokers with residential customers who may not fit mainstream lender criteria.”

“The products launched today, help bolster the already strong residential offering we have out in the market and builds on the recent launch of our popular 95% LTV products.”