Fleet Mortgages makes price and fee reductions

Jessica Nangle

October 20, 2017

Fleet Mortgages has made a series of price and fee cuts across its three core product areas: standard, limited company and HMOs.

All price changes are at 75% LTV for both 2 and 5-year products.

Bob Young (pictured), chief executive officer of Fleet Mortgages, said: “We continue to listen to broker feedback and to shape our product proposition accordingly.

Fleet launches two 5-year fixes

“This backs up our continued commitment to those advisers with portfolio landlord clients, who are increasingly likely to be looking for limited company purchase and refinance options, and potentially higher yielding HMO opportunities.”

The new products are:

  • Standard: 5-year fix at 75% LTV now at 3.49%, down from 3.79%.
  • Limited company: 5-year fix at 75% LTV now at 3.79%, down from 3.99%.
  • HMO: 2-year fix at 75% LTV now at 3.49%, down from 3.69%; 5-year fix at 75% LTV now at 3.89%, down from 3.99%.

In addition, Fleet Mortgages has announced fee reductions for all limited company and HMO products, with fees having been dropped from 1.5% to 1.25% and from 2% to 1.5% respectively.

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