Fleet Mortgages reintroduces 80% LTV BTL products

Jake Carter

November 3, 2021

btl mortgages

Fleet Mortgages has reintroduced 80% loan-to-value (LTV) buy-to-let (BTL) products across two of its three core areas of lending, standard and limited company/LLP.

The lender has introduced a 80% LTV 2-year fix, priced at 3.89%, with a 2% fee, as well as a 5-year fix, priced at 4.15%, also with a 2% fee.

All 2-year fixes come with a rental calculation of 125% at 5.5%, while 5-year fixes are payrate products with a rental calculation of 125% at the pay rate.

Fleet Mortgages’ 80% LTV BTL products include either a free or discounted valuation.

Steve Cox, chief commercial officer at Fleet Mortgages, said: “Last week we were able to launch our first new product range fully funded by our parent, Starling Bank.

“This week we are adding 80% LTV products back into our offering, with mortgages available in both our standard, and limited company and LLP ranges.

“The new products have already received an excellent response and we’re confident that moving back into the 80% LTV space also provides advisers with a number of new options suitable for their landlord clients.”

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