Fleet Mortgages has cut rates on all two-, five- and seven-year fixed-rate loans across its three core ranges — standard, limited company and houses in multiple occupation/multi-unit blocks – by up to 15 basis points.  

Highlights of the buy-to-let lender’s standard and limited company reductions cover:  

• Two-year fixes up to 75% loan to value, now at 4.89% (from 5.04%)  
• Five-year fixes up to 70% LTV, now at 4.59% (from 4.74%) and up to 75% LTV, now at 4.99% (from 5.14%)   
• Green five-year fixes — for properties with an A to C energy performance certificate rating — up to 75% LTV, now at 4.89% (from 5.04%)   
• Green seven-year fixes up to 75% LTV, now at 4.79% (from 4.94%)  

Highlights of the lender’s houses in multiple occupation and multi-unit blocks reductions cover:  

• Two-year fixes up to 75% LTV, now at 5.29% (from 5.44%)   
• Five-year fixes up to 70% LTV, now at 4.99% (from 5.14%) and up to 75% LTV, now at 5.33% (from 5.48%)   
• Green five-year fixes up to 75% LTV, now at 5.23% (from 5.38%)   
• Green seven-year fixes up to 75% LTV, now at 5.13% (from 5.28%)  

The business adds that all 75% LTV two-, five- and seven-year fixes come with a fee of 3%, while the five-year 70% LTV fixes come with a fee of 5%. The minimum fee level for each product is £750.   

All products come with a revert rate of bank base rate plus 3%; all end dates are extended to 30 April.  

Fleet Mortgages chief commercial officer Steve Cox says: “All two-, five- and seven-year fixes are benefiting from a 15 basis point reduction, and we believe this will provide further, highly competitive product options to advisers with both purchasing and remortgaging landlord clients.  

“Specifically, history tells us that when we have five-year fixed-rate deals at 75% LTV under 5% pay rate, this helps landlord borrowers meet affordability, and is something of a magic number in terms of helping clients secure the loans they require.  

“We also have tracker and green tracker options and these are also proving popular for those landlords who want to secure the finance they need right now, with the option to shift to a fix later down the line if rates continue to move lower.”