Fleet Mortgages has introduced new limited company 65% LTV products, as well as reduced rates for two of its existing 65% LTV standard products.
The first new limited company product is priced at 5.64% with zero fee, while the second offers a rate of 5.44% with a fixed fee of £1,999 — both products offer loans up to £300,000.
Fleet has also cut rates on two of its 65% LTV standard five-year, fixed-rate products by 20 basis points.
The zero fee option is now available at a rate of 5.64% (previously 5.84%), while the £1,999 fixed-fee product is priced at 5.44%.
All standard products come with a rental calculation of 125% at pay rate for basic tax payers and 145% at pay rate for higher rate tax payers.
Free valuations are available for properties valued up to £500,000, and are discounted for values above this.
Steve Cox, chief commercial officer at Fleet Mortgages (pictured above), commented: “After last week’s new standard product launches and rate cuts, this week we have been able to turn our attention to our limited company range, launching new 65% LTV five-year fixes with zero and fixed fee options.
“We’ve also been able to cut rates by a significant 20 basis points for standard 65% LTV five-year fixes, again with both zero and fixed fee options.
“Our aim here is to present advisers with a variety of options for their landlord clients, whether they want a lower rate with a fixed fee in order to help meet affordability, or they want a zero-fee option.
“This is about providing a product proposition which works for a variety of wants and needs, for landlord borrowers seeking to either purchase or refinance.”
