Fleet Mortgages has launched a new two-year fixed-rate product for its range while also cutting some of its existing two-year deal rates.
Within both its standard and limited company range, Fleet has launched a new £1,999 fixed fee two-year fix available at 5.19% and a zero-fee option, available at 5.69%.
The lender has also launched a zero-fee option within its HMO/MUFB range, available at 6.09%.
All new two-year fixed-rate products are offered up to 75% LTV.
Fleet has also made a 10bps cut across its existing standard and limited company two-year fixes.
It has cut both its 3% fee options by 10bps to 4.04% — only available to those purchasing or remortgaging a property with an EPC of A-C — and 4.14% for non-EPC A-C properties.
Fleet has also cut its £5,499 fixed-fee option to 4.64%.
All two-year fixes are available up to 75% LTV.
“We know short-term fixes are proving more attractive, particularly to borrowers who anticipate further rate reductions or market shifts in the near future,” said Steve Cox, CCO at Fleet Mortgages (pictured above).
“These products provide a valuable bridge allowing people to manage their costs today, while preserving a large degree flexibility for tomorrow.
“In a market where borrower needs are diversifying rapidly, it’s essential we continue to evolve our range to meet that demand head-on.”
