Fleet Mortgages has cut rates across its entire range of fixed-rate products.
The reduction in prices will cover all of the lender’s five- and seven-year fixes, plus its green five-year fix across its standard, limited company and HMO/MUB ranges.
Standard and limited company borrowers can now secure five-year fixed-rate loans at 5.29% (65% LTV) or 5.39% (75% LTV), and seven-year fixes at 5.43%.
For HMO and MUBs, the five-year options are priced at 5.43% at 65% LTV, and 5.53% at 75% LTV.
Meanwhile, Fleet’s 75% LTV five-year fixed-rate green mortgages — for properties with an EPC rating of C or above — are now available at 5.29% for standard/limited company, and 5.43% for HMO/MUBs.
The lender also continues to offer a range of 75% LTV tracker products for both standard and limited company, available at a rate of BBR + 1.75%, while the HMO/MUB tracker is priced at BBR + 2% — green trackers are offered at 10 basis points lower.
Steve Cox, chief commercial officer at Fleet Mortgages, commented: “This is the second time we’ve been able to cut prices on our fixed-rate products in just over a month, so it’s very positive to see the direction of travel for rates continuing to head southwards.
“Rates have undoubtedly stabilised in the last couple of months, and we hope this continues to be reflected in our product and price offering.
“We will continue to keep a close eye on rates and market competition, particularly when it comes to any reintroduction of a two-year range, however at present the market for these products remains limited.
“Last year was a very successful year for Fleet — as our lending figures will testify — and we remain wholly committed to delivering a quality proposition, both product and service, for our adviser partners and their landlord borrowers.
“2023 has begun in a strong fashion, particularly when it comes to remortgage activity, and our entire sales team is here to provide all the support advisers need in this sector.”
