Fleet Mortgages has unveiled a new range of five-year fixed rate products, available across three core areas: standard, limited company and HMO/multi-unit block.
These new mortgages are available up to 75% LTV, with the new standard and limited company rates at 5.29%. The HMO/Multi-Unit Block rate is 5.69%.
All the products come with a fee of 3% and a minimum of £750.
“Our recent Rental Barometer showed the continued strength of rental yields across England and Wales, and competitive mortgage rates will play a strong role in terms of supporting landlord profitability, keeping them invested and also providing them with loans in order to make purchases were appropriate,” said Steve Cox, chief commercial officer at Fleet Mortgages (pictured above).
“As a specialist lender in the BTL space, we believe sector participants will continue to adapt, and cut their cloth accordingly, and that as a result, the need for quality advice and specialist lending in this area will continue to be required.”
