Fleet Mortgages has launched two five-year 75% loan-to-value fixes for standard and limited company landlord borrowers, along with rate cuts of up to 35 basis points across selected products.

The buy-to-let specialist lender offers a pair of new 75% LTV loans for standard and limited company borrowers, priced at 5.69%, which come with a fixed fee of £3,999.

The maximum loan available is £500,000, and the end date for the products is 31 October 2029.

Both products come with a rental calculation of 125% at 5.69% for basic taxpayers and 145% at 5.69% for higher rate taxpayers. Free valuations are available for properties valued up to £500,000, and are discounted for values above this.

The lender has made a 20bps reduction to its standard 75% LTV five-year fix for individual landlord borrowers, with a new rate of 5.14% from 5.34%. plus a 35bps reduction for the same product for limited company borrowers, also now available at a rate of 5.14%, down from 5.49%.

Both products come with a 3% fee, beginning at a minimum of £750.

Fleet Mortgages chief commercial officer Steve Cox says: “These fixed-fee products should also prove popular, particularly for landlords seeking larger loans, plus we continue to offer free valuations on properties valued up to £500,000 which is designed to keep those upfront costs down.

“I’ve often spoken about how business activity improves the closer we get to 5% pricing in the buy-to-let sector, and clearly we are not a million miles away from such levels now.

“We anticipate a great deal of borrower interest in these repriced and new products, and we’re here to support advisers with their landlord clients as they seek to ensure they can meet affordability, secure the loans they need, and continue to stay invested in the private rental sector.”