Fleet Mortgages has cut rates on its five-year fixed-rate mortgages by 15 basis points.
This means standard and limited company customers accessing the 75% LTV product can do so from 4.99%, from 5.14%.
However, if this is regarding a property with an EPC rating of C and above, rates have changed from 5.04% to 4.89%.
Both products come with a 3% fee.
Fleet, which has been able to cut these rates due to its funding model and recent move in swaps, continues to offer a £1,000 cashback incentive to landlords to improve their EPC rating to C or higher.
“We are always looking at opportunities to reduce pricing, and recent moves in the market have allowed us to cut rates on these 75% LTV five-year fixes and the EPC A-C alternatives by 15 basis points,” said Steve Cox, CCO at Fleet Mortgages (pictured above).
“Affordability remains a constant consideration and by offering these competitive rates, we believe the product range will be opened up for more landlord borrowers.
“It’s an important time of the year with many landlords considering their finance options, and we’ll continue to work with advisers to ensure their clients have access to quality products and excellent rates.”
