Fleet Mortgages has cut rates across its two-year fixed-rate mortgages by up to 50bps.
With immediate effect, rates on Fleet’s standard and limited company two-year fixed products start from 4.39% after being reduced by 30bps.
This product carries a 3% fee, whereas the fixed fee equivalent - currently priced at 4.89% - has been reduced by £400 and is now set at £5,499.
For properties with an EPC rating of C and above, landlords can now access Fleet’s two-year fixed product from 4.29%.
Fleet’s two-year HMO and MUFB range - accessed with a fixed fee of 3% - has been reduced by 40bps from 4.99% to 4.59%.
Here, the products’ version for properties with EPC ratings of C and higher have been cut from 4.89% to 4.49%.
The fixed-fee version of Fleet’s HMO and MUFB products have been cut by 50bps, from 6.29% to 5.79%. Here, the fee remains at £1,999.
Steve Cox, chief commercial officer at Fleet Mortgages (pictured above), commented: “This will clearly help advisers and their array of landlord borrowers in terms of affordability plus provides payment certainty over the next two years in what is likely to be an uncertain pricing period.
“Our two-year product options, both fixes and trackers, are proving increasingly popular as a growing number of landlord borrowers look for a shorter-term for their purchase and remortgage activity.”
