Fleet Mortgages has made a series of 15bps rate cuts to its range of standard and limited company five-year fixed-rate products.
With immediate effect, the 65% LTV zero fee fixed rate mortgage has been cut from 5.64% to 5.49%, with the 75% LTV version cut from 5.74% to 5.59%.
For the version of these products that carry a fee - of £3,999 - rates have been cut from 5.39% to 5.24% and 5.49% to 5.34%, respectively.
All products come with a free valuation for properties up to £500,000, while there is a maximum loan of £750,000 on the fixed-fee products.
“There has been a recent shift in the markets and, coupled with the strength of our funding, we have been able to make not just these cuts to our standard and limited company five-year fixes, but last week to our two-year fixes as well,” said Steve Cox, chief commercial officer at Fleet Mortgages (pictured above).
“We know that many landlord borrowers continue to value mortgage payment certainty for a long period, and these rate cuts should appeal to them, and to help them meet affordability in order to get the size of the loans they require.
Whether opting for a fixed- or zero fee option, Fleet’s five-year fixes are now even more competitive and, as always, we are here to support advisers with all their BTL landlord client needs.”
