Fleet Mortgages has relaunched its range of five-year, fixed-rate products for landlord borrowers purchasing or remortgaging a property with an EPC rating of A to C.
Available across its three core product ranges, the standard and limited company products are available for up to 75% LTV at a price of 5.04%, while the HMO/MUB product is offered at 5.44%.
All EPC A-C products come with a fee of 3%, with a minimum of £750.
The lender is continuing to offer a £1,000 cashback incentive for landlords raising their property’s EPC rating to C or above during the course of their initial fixed-rate period.
Rates have also been cut on two-year PT products for existing customers across all three ranges: standard, limited company and HMOs.
Steve Cox, CCO at Fleet Mortgages (pictured above), commented: “With all private rental sector properties now required to have an EPC of A-C by 2030, we anticipate more landlords will be looking to improve those properties that do not currently make the grade.
“There are a number of reasons for doing this sooner rather than later, not least the opportunity to secure better rates for properties at this level.
“We are pleased to be relaunching these five-year options for A-C, alongside our existing two-year products, which are priced at 10bps below the non A-C alternatives."
