Fleet Mortgages is launching a range of two-year fixed-rate mortgages in its three core ranges – standard, limited company and HMO/MUB.

The buy-to-let  lender’s two-year fixed-rate mortgage, available up to 75% LTV, is priced at 5.79% for standard and limited company borrowers, and 5.99% for HMO/MUB borrowers. Two-year fixes come with a 3% fee.

All standard and limited company products come with a free valuation for loans up to £500,000, after which the valuation is available at a discounted price.

Rental stress calculations for the two-year fixes are 125% or 145% – depending on the borrower’s tax status – at 7.79% for standard and limited company borrowers and 125%/145% at 7.99% for HMOs and MUBs.

Fleet also continues to offer both tracker and green tracker product options, as well as a full range of five-year fixed rates, available up to 75% LTV.

Fleet Mortgages chief commercial officer Steve Cox comments: “Despite bank base rate now sitting at 5.25%, swap rates are more stable, allowing us once more to offer two-year fixed rate products for landlord customers.

Affordability challenges remain in the market, but we are now able to offer a wide choice of options across two- and five-year fixed rates as well as maintaining our tracker range which no longer carries ERCs”.

He adds: “Our intention is to keep reassessing our product range and the product options we can offer, and we hope market stability allows us to maintain a broad offering in the market.