Fleet Mortgages has added to its EPC range, while cutting rates on selected remortgage-only products.
The new EPC A-C products are available up to 75% LTV across all three of the lender’s Standard, Limited Company and HMO/MUFB ranges. Pricing on these products is set 10bps lower than the equivalent non-EPC A-C products.
In the Standard and Limited Company ranges, the new products are a 5.19% two-year fixed-rate with no completion fee, and a 4.74% two-year fixed-rate with a £1,499 fee.
Within the HMO/MUFB range, the new products are a 5.54% two-year fixed-rate with no completion fee, and a 5.39% two-year fixed-rate with a £1,999 fee.
Fleet has also cut rates on remortgage-only products within its Standard and Limited Company ranges, reducing rates on its existing 75% LTV products which come with a 2% fee (£750 minimum).
The two-year fixed rate remortgage-only product has been cut by 10bps to 4.44%; the five-year fixed rate remortgage-only product has been reduced by 15bps to 4.74%.
“The direction of travel on property standards remains clear and landlords are increasingly aware EPC ratings matter, both in terms of tenant demand and future regulation,” said Steve Cox, chief commercial officer at Fleet Mortgages (pictured above).
“By pricing these EPC A to C products below their standard equivalents, we are recognising the lower risk profile of those properties and giving advisers a clear pricing advantage to discuss with clients.”
