Fleet Mortgages has cut rates on all two, five and seven-year fixes across its three core ranges: standard, limited company and HMO/multi-unit block.

The buy-to-let lender has cut rates by between 20 to 40 basis points across these products covering:

Standard/limited company borrowers – two-year fix up to 75% LTV now at 5.04% from 5.24%; five-year fixes up to 70% LTV now at 4.74% from 5.14% and up to 75% LTV now at 5.14% from 5.54%;

Green five-year fix – for properties with an A-C Energy Performance Certificate (EPC) rating – up to 75% LTV now at 5.04% from 5.44%; Green seven-year fix up to 75% LTV now at 4.94% from 5.34%.

For HMO/MUB borrowers – two-year fix up to 75% LTV now at 5.44% from 5.64%; five-year fixes up to 70% LTV now at 5.14% from 5.54% and up to 75% LTV now at 5.48% from 5.88%.

Green five-year fix up to 75% LTV now at 5.38% from 5.78%; Green seven-year fix up to 75% LTV now at 5.28% from 5.68%.

All 75% LTV two-, five- and seven-year fixes come with a fee of 3%, with the five-year 70% LTV fixes having 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%.

Fleet chief commercial officer Steve Cox comments: “With the money markets becalmed, swap rates having continued to drop, and Fleet’s own funding options, we’re able to take all this into account and start the new year with a bang with these rate cuts”.

He adds: “This should open up a wide variety of options for advisers and their landlord borrower clients – both purchasing and remortgaging – providing an easing of affordability that can get them the finance they need. The fact we also offer existing borrowers product transfers is also another reason to fully explore the Fleet product proposition”.