Fleet Mortgages has cut rates across its 3% fee five-year fixed rate products, while introducing new options to its 75% LTV range.
With immediate effect, rates have been cut up by up 20bps on its Standard, Limited Company and HMO/MUFB.
This includes rate drops to 5.04% for Standard and Limited Company, and 5.49% for HMO/MUFB.
Alongside these reductions, Fleet has reintroduced more five-year fixed-rate products, including zero-fee and fixed £3,999 fee alternatives.
Across the Standard and Limited Company ranges, the five-year options now include a zero-fee product at 5.69% and a £3,999 fee option at 5.39%.
Equivalent products are also available for HMO/MUFB lending, with pricing starting from 6.14% for zero-fee and 5.79% for the £3,999 option.
The lender has also launched three two-year product transfer tracker products across all three ranges, with Standard and Limited Company products priced at Bank Base Rate plus 0.5%, currently 4.25%, and HMO/MUFB products priced at BBR + 1.15%, currently 4.90%.
“In the current environment, we are seeing a mix of priorities,” said Steve Cox, CCO at Fleet Mortgages (pictured above).
“Some landlords are looking for longer-term certainty and are comfortable paying for that through a fixed-fee, while others are more focused on managing initial outlay or retaining flexibility.
“That is why maintaining a range that works across those different needs is key, particularly when market conditions remain changeable.”
