Fleet unveils new five-year fixed products

Fleet Mortgages has unveiled new five-year fixed-rate products across its standard, limited company and HMO and MUFB ranges.

These new products are available up to 75% LTV and all have 5% product fees.

The standard and limited company offerings are priced at 5.24% and come with a free valuation on properties valued up to £500,000.

Meanwhile the HMO/MUFB product is priced at 5.49%, with £1,000 cashback.

All products have a minimum loan size of £75,000, plus the option for the product fee to be added to the mortgage loan at completion, subject to lending criteria.

“By introducing these new five-year, fixed-rate products with higher fees, we are giving advisers another option to consider, with lower headline rates which may help their clients meet the relevant rental stress tests and potentially access the borrowing they require,” said Steve Cox, CCO at Fleet Mortgages (pictured above).

“Whether a landlord is looking for payment certainty, improved affordability or the ability to raise capital for further investment, advisers need access to different product and fee combinations to find the most appropriate solution.

“These new five-year products are another addition to that range and reflect our continued commitment to supporting advisers and landlords in what remains a more complex BTL mortgage market.”