Fleet Mortgages has relaunched its five- and seven-year fixed-rate products, and introduced new tracker and green BTL mortgage options.
The five-year fixes across its standard and limited company range are priced at 6.39% (65% LTV), 6.49% (75% LTV) and 6.73% (80% LTV), while the new five-year fixed-rate green mortgage — for properties with an EPC rating of C or above — is available at 6.39% (75% LTV).
There is also a seven-year fixed-rate product, priced at 6.53% at 75% LTV.
For its HMO/multi-unit range, the lender has brought back five-year fixes at 6.53% (65% LTV) and 6.63% (75% LTV), and introduced a five-year fixed-rate green mortgage product at 6.53% (75% LTV).
It also added a seven-year fix to the range, priced at 6.63% at 75% LTV.
In addition, Fleet has launched a new 75% LTV Tracker products across its three core product ranges — both standard and limited company/LLP trackers are available at a rate of BBR + 1.75%, while the HMO/multi-unit block tracker is priced at BBR + 2%.
Meanwhile, the new green mortgage tracker products are offered to landlords purchasing or remortgaging properties with A-C EPC ratings.
They are available at 75% LTV, and come with a 10 basis points reduction off Fleet’s core tracker range — standard and limited company/LLP options are offered at BBR + 1.65%, while HMO/multi-unit block products can be secured at BBR + 1.9%.
All Fleet tracker products come with a 2% fee (minimum £750) and a six-month early repayment charge period up to 30th June 2023.
Steve Cox, CCO at Fleet Mortgages, said: “Market volatility remains with us — however, we are very pleased to be able to launch a full new suite of BTL products.
“We believe this new range of fixes, plus our newly-priced trackers and the launch of brand new green mortgage options will appeal to landlords who are seeking finance at this time, whether remortgaging or looking to add to portfolios.
“It was always our intention to move quickly and bring back a range of products as quickly as possible — we’ll continue to monitor ongoing activity, pricing and business levels, and advisers will always be the first to know when we intend to add further product options to our range.
“We remain absolutely committed to supporting advisers and their buy-to-let landlord borrowers both now and in the future."
