Fleet Mortgages has today (22nd September 2023) cut rates on all two- and five-year fixes by 15 bps and unveiled a new green seven-year fixed-rate product.
For standard/limited company borrowers, the two-year fixed-rate up to 75% LTV is now available at 5.64%, while the five-year fixes are now priced at 5.54% at 70% LTV and 5.94% at 75% LTV.
The green five-year fix — available at up to 75% LTV for properties with an EPC rating of C and above — is now available at 5.84%.
For HMO borrowers, the 75% LTV two-year fixed-rate product is now priced at 5.84%, while the five-year fixed-rate range offers loans at 5.74% at 70% LTV, and 6.08% at 75% LTV.
The 75% LTV green five-year fix is now offered at 5.98%.
Fleet’s new green seven-year fixed-rate products — available up to 75% LTV — are priced at 5.74% for standard and limited company borrowers, and at 5.88% for HMO borrowers.
This is 10 bps below Fleet’s current green five-year fix, and comes with a product fee of 3%.
These rate cuts and new products accompany Fleet’s new suite of product transfer products for existing borrowers earlier this month, covering two- and five-year fixed-rate options.
Steve Cox, CCO at Fleet Mortgages (pictured above), commented: “We are very pleased to be announcing these new rate cuts across our entire range of two- and five-year fixes, plus the launch of our new green seven-year fix.
“Competitive pricing on products such as these — plus a strong appetite to lend and excellent service levels — should hopefully appeal to our adviser partners and their landlord clients as they seek finance.”
