Fleet Mortgages has announced rate cuts across its two-year fixes, and the launch of a green seven-year fixed-rate product for properties with an EPC rating of C and above.
All two-year fixes within Fleet’s HMO/MUFB, limited company and standard ranges have been reduced by 20 bps — meaning the standard and limited company options at 75% LTV are now priced at 5.29% with a 2% fee, while the HMO/MUFB 75% LTV two-year fixes are offered at 5.39%, also with a 2% fee.
For properties with an EPC rating of C and above, Fleet has introduced its seven-year fixed-rate product, available at 4.99% at 75% LTV for standard and limited company borrowers, and 5.09% for HMOs/MUFBs at 75%.
The new product — which replaces Fleet’s previous non-green seven-year fix — comes with a 2% fee.
The lender also offers five-year fixes at 65%, 70% and 75% LTV, a five-year fixed-rate green option at 75% LTV, and regular and green trackers available at up to 75% LTV.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “As advisers will know, meeting affordability for landlord borrowers remains a high priority, and these price cuts should make that even more achievable for those clients who want a shorter-term deal.
“At the same time, we have launched a new green seven-year fixed-rate option with a reduced fee of 2%.
“Rates on this product start below 5% for standard and limited company borrowers who are purchasing or refinancing a property with an A-C EPC level — this can give them long-term certainty in terms of mortgage payment, while benefiting from the energy efficiency of the property.”
