Fleet refreshes buy-to-let product ranges

Mortgage Introducer

June 23, 2017

Fleet Mortgages has launched 13 products across its standard, limited company and Houses in Multiple Occupation ranges.

For individuals to 75% loan-to-value 2-year fixes stand at 2.99% with a maximum loan size of £200,000 and 3.49% with a max loan size of £750,000. Meanwhile its 5-year fix costs 3.99%.

For limited companies to 65% LTV 2-year fixes cost 3.29% and 5-year fixes 3.69%, while to 75% LTV fixed rates are priced at 3.49% for two years and 3.99% for five years.

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For HMO landlords 2-year fixes are priced at 3.39% to 65% LTV and 3.69% to 75% LTV, while its 75% LTV 5-year fix costs 3.99%.

Standard and limited company landlords can also take out a lifetime tracker at 3.5% plus LIBOR, currently 3.82%.

Products are offered with a rental calculation of 125% at 5%.

Bob Young, chief executive of Fleet Mortgages, said: “Having spoken to our intermediary partners, we are acutely aware of their desire for simplicity, competitive rates, and a quality service that provides them with certainty.

“This new range has been designed to do just that, and hopefully this type of clarity – plus our broadening range of criteria options that we continue to introduce – will ensure advisers know exactly what they are getting by recommending Fleet Mortgages.

“We continue to seek feedback on our proposition and service offering and will be listening to all our partners to ensure we continue to deliver exactly what they need for their buy-to-let clients, whether they are looking for finance as individuals, limited companies or to fund HMOs and multi-units.”

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