
Fleet Mortgages has launched a range of products, available up to 55% loan-to-value (LTV), for standard, limited company and houses of multiple occupancy(HMO)/multi-unit block landlord borrowers.
The five-year fixed rate products, available up to 55% LTV include a standard/limited company at 4.79% with a 3% fee (minimum of £750) and a 5.34% mortgage with a fixed £999 fee.
There will also be the addition of HMO/multi-unit block 5.19% mortgage with a 3% fee (minimum of £750) and a 5.74% mortgage with a fixed £999 fee.
The standard and limited company products come with a free valuation for properties up to a value of £500k, with a minimum loan of £25k, and a maximum loan of £750k on the fixed-fee products.
Fleet Mortgages chief commercial officer Steve Cox says: “Last year we were able to successfully launch a range of 65% LTV products, and we have followed this up with a lower LTV segment offering, with new products at 55% LTV across all three of our core offerings – standard, limited company and HMO/MUB.”