Fleet Mortgages has launched a range of one-year fixed-rate buy-to-let products.
The new deals are available across its standard, limited company and houses in multiple occupation and multi-unit freehold block ranges for new and existing borrowers at up to 75% loan-to-value.
The standard and limited company one-year fixes are priced at 3.49% with a 2.5% fee and include a free valuation on properties worth up to £500,000.
The HMO and multi-unit freehold block product is priced at 3.74% with a 2.5% fee and comes with £1,000 cashback.
All of the one-year fixes carry a 3% early repayment charge during the fixed-rate period.
Fleet says the products are aimed at landlords who payment certainty in the short term without being locked in.
The lender has also cut its two-year HMO and multi-unit freehold block fixed rate at 75% LTV by 30 basis points, from 5.19% to 4.89%.
The deal has a 3% fee and £1,000 cashback, with equivalent EPC A-C and product transfer options also reduced.
Fleet Mortgages chief commercial officer Steve Cox says: “We know different landlords have very different requirements, and there will be borrowers who value the payment certainty of a fixed rate but do not necessarily want to make that commitment for two to five years.
“These new products provide that shorter-term alternative across standard, limited company and HMO/MUFB, and importantly they are available to both new and existing customers.”
He adds: “We have also made a significant 30 basis point reduction to our two-year HMO/MUFB product with a 3% fee, bringing the rate down to 4.89%, while retaining the £1,000 cashback.”