Fleet Mortgages is cutting rates by up to 15bps across its two- and five-year 75% LTV fixed-rate products.
The lender’s two-year, 3% fee 75% LTV product — available on properties which have an EPC of A-C — has been cut from 3.89% to 3.79%.
The corresponding product for those properties EPC D and below, has been cut from 3.99% to 3.89%. End dates on both these products have been extended to February 2028.
There have also been 10bps reductions across Fleet’s five-year 75% LTV products with 3% fee for both standard and limited company, with pricing now at 4.54% for EPC A-C properties, and 4.64% for non-EPC A-C properties.
On its zero-fee, five-year 75% LTV products, there has been a 15bps price cut from 5.34% to 5.19%, while the £1,999 fixed-fee option has been cut by 10bps from 5.09% to 4.99%.
Fleet has also withdrawn all existing 55% LTV products and a number of those offered at 65% LTV.
“These changes highlight Fleet’s ongoing commitment to providing highly competitive pricing across the most in-demand parts of the BTL market for landlord borrowers,” said Steve Cox, CCO at Fleet Mortgages (pictured above).
“By cutting rates on both our core two- and five-year fixed 75% LTV products, we are hopefully providing advisers with a stronger array of competitive solutions to take to their landlord clients.”
