Fleet launches range of 65% LTV products

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Fleet Mortgages has introduced a new range of 65% LTV mortgage products.

The buy to let specialist lender’s new 65% LTV products include:

Standard and Limited Company: five-year fixed rate, available at 4.89% with a £1,499 fixed fee, and a free valuation up to £500k.

Limited Company: two-year fixed-rates available at 4.74% with a £1,499 fee, and at 5.19% with a zero fee.

HMO/MUFB: five-year fixed rate, available at 4.89% with a 3% fee, and a two-year fixed-rate available at 5.49% with no fee. Both of these products come with cashback of £1,000.

Fleet Mortgages has also cut rates across a range of two-year fixed rates in all three core ranges by 10 to 25 basis points (bps).

In the Standard and Limited Company ranges rates have been cut by 10bps, with pricing now available from 3.69% (with a 3% fee), while in the HMO/MUFB range, rates have been cut by 25bps with pricing now available from 3.99% (also with a 3% fee).

Fleet Mortgages chief commercial officer Steve Cox commented: “Landlords with strong levels of equity are often very focused on price, and this new 65% LTV range is designed with that in mind. It gives borrowers access to lower rates, clear fee choices and products that work across Standard, Limited Company and HMO or MUFB cases.”

“We know many portfolio landlords are actively reviewing their borrowing this year, either to refinance or to support further purchases, and these products are aimed squarely at that audience.”


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