Fleet Mortgages has returned to 80% LTV lending for both individual landlords and limited companies.

The lender is offering a two-year fix at 3.89%  with a 2% fee and a five-year fix at 4.15%, also with a 2% fee.

All two-year fixes come with a rental calculation of 125% at 5.5%, while five-year fixes are payrate products with a rental calculation of 125%.

Fleet’s 80% LTV products include either a free or discounted valuation.

For houses in multiple occupation (HMOs) and multi-unit blocks (MUBs) Fleet will lend at a maximum  of 75% LTV.

HMO and MUB deals start from 3.24% for a two-year deal at 65% LTV or 3.43% for the five-year option.

The return to 80% LTV lending comes after Fleet relaunched its product range at the end of October with price reductions across the board.

Fleet says it assesses documents within 24 hours, conducting same-day DIP reviews and providing valuation turnarounds within 24 hours.

Chief commercial officer Steve Cox says: “Last week we were able to launch our first new product range fully funded by our parent, Starling Bank. 

“This week we are adding 80% LTV products back into our offering, with mortgages available in both our standard, and limited company and LLP ranges. 

“The new products have already received an excellent response and we’re confident that moving back into the 80% LTV space also provides advisers with a number of new options suitable for their landlord clients.”