Fleet Mortgages has launched a new range of remortgage products with cashback options, while also cutting rates.
The lender is introducing new two- and five-year 75% LTV remortgage products for standard, limited company and HMO/MUFB borrowers, each of which comes with cashback between £500 and £1,000.
Pricing for the remortgage products start at 4.54%, and all are available where the borrower has owned the property for a minimum of six months.
“Remortgage demand remains a key part of the BTL market and we know that a considerable number of mortgages will be coming up for maturity through 2026, with advisers looking at options for those landlord clients,” said Steve Cox, CCO at Fleet Mortgages (pictured above).
“We wanted to respond with products that give advisers and landlords something meaningful to consider, in terms of rates, fees and a cashback offering.
“The launch of this new remortgage range, all with cashback, is designed to support borrowers who are refinancing and looking to improve their position, whether that is through lower monthly costs, greater certainty or a cash benefit on completion.”
Fleet has also applied rate cuts of up to 20bps to two- and five-year fixed rates covering both fee-paying and zero-fee product options.
Fleet has also repriced its lifetime tracker products, reducing all rates by 25bps following the recent Bank Base Rate (BBR) reduction.
Two-year tracker products for standard, limited company and HMO/MUFB borrowers have also been updated, with revised rates and a move from 3% percentage fees to a £1,499 fixed fee structure.
In addition to rate cuts, Fleet has expanded its range to include a new five-year fixed-rate, fixed-fee product, available at 4.79% with a £4,000 fee for 75% LTV to both standard and limited company borrowers, with a maximum loan of £750,000.
