news | 2 weeks ago | Jodie Bradley

Fleet unveils limited edition five-year fixed-rate products with zero completion fees

Specialist BTL lender Fleet Mortgages has launched new limited edition, five-year fixed-rate products with zero completion fees across its three core ranges — standard, limited company and HMO/MUB.

The new five-year fixes are available up to 75% LTV with standard or limited company borrowers being able to access a rate of 5.59%, while for HMO and MUB borrowers the rate is 5.93%. 

There is a booking fee for each product of £199 and includes free valuations for both standard and limited company borrowers for properties up to a value of £500,000. 

Steve Cox, CCO at Fleet (pictured above), commented: “Last year, the challenge of a higher interest rate environment and what it required in terms of affordability criteria, meant we saw a large number of lower rate/higher fee products being launched.

“Now that we have seen rates come off those highs, with swap rates stabilising and a far more competitive rate environment, we wanted to ensure we offered a different set of products which did not come with any completion fee whatsoever.

“These three limited edition, five-year fixes offer landlord borrowers a highly competitive rate from the outset, but with no completion fees to pay, meaning they do not have to pay those costs upfront or add the cost of the fee to the loan.”

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