Fleet Mortgages has made rate cuts across a number of its two- and five-year fixed rate 75% LTV products.
With immediate effect, rates have been cut by 20bps on Fleet’s two-year, fixed-rate HMO/MUFB products, with a 3% fee. This includes a drop from 4.79% to 4.59% for the non-EPC A-C variant, and a drop from 4.69% to 4.49% for the EPC A-C product.
All EPC A-C products are offered to borrowers who are either purchasing or remortgaging a property which has already reached an A-C level for its EPC.
Fleet Mortgages has also cut rates by 10bps on all its five-year fixed-rate products, available up to 75% LTV, including its EPC A-C variants.
For standard and limited company borrowers, rates have been cut from 5.14% to 5.04%, and 5.04% to 4.94% for the EPC A-C products.
For HMO/MUFB products, rates have been cut from 5.39% to 5.29%, and 5.29% to 5.19% for the EPC A-C product. All five-year fixes also come with a 3% fee, with a minimum of £750.
"While market conditions remain capable of changing quickly, there has been a greater degree of stability compared to earlier in the year, allowing us to make further positive pricing changes,” said Steve Cox, CCO at Fleet Mortgages (pictured above).
“By reducing rates across our five-year range and making larger reductions on our two-year HMO/MUFB products, we are providing landlords with additional choice at a time when many continue to assess both refinancing opportunities and future portfolio plans.
"We have also extended end-dates on selected two-year products in order to give advisers more time and greater certainty when placing cases. In a market which can still move quickly, this can make a meaningful difference to both advisers and their clients."
