Fleet unveils four lower rate products
Fleet Mortgages has launched four buy-to-let products including a pair of 2-year fixes which are being offered on a limited edition basis.
The 2-year fixes are to 75% loan-to-value and cost 2.59% for loans up to a £200,000 and 3.09% over £200,000.
Fleet is also offering a 5-year fix at 3.79% and a HMO lifetime tracker at 3.92% to 75% LTV.
All products come with an income coverage ratio of 125% at 5%.
Bob Young (pictured), chief executive of Fleet Mortgages, said: “We’ve launched four new products with our 2 and 5-year fixes being the cheapest we have offered to market in 2017.”
“Brokers and their clients will be pleased to know that our continued focus on simplicity means all four products come with a rental calculation of 125% at 5%, regardless of the type of rate tax-payer they are.
“Our commitment to ensuring we provide advisers with a straightforward process, flexible criteria and competitive products will continue, however our 2-year fixes are limited editions and will therefore only be available for a certain amount of time.
“If advisers would like further information they can view our newly-revamped website where they’ll find all the details on these new products and our existing range.”