Fleet Mortgages has launched a new range of mortgage products with a 65% LTV.
The specialist lender’s buy-to-let products with a 65% LTV include:
Standard and Limited Company: Fixed rate over five years, available at 4.89% with a fixed fee of £1,499, and a free valuation up to £500,000.
Limited Company: Two-year fixed rate available at 4.74% with a £1,499 fee, and at 5.19% without fees.
HMO/MUFB: A five-year fixed rate, available at 4.89% with a 3% fee, and a two-year fixed rate, available at 5.49% with no fees. Both products come with £1,000 cashback.
Fleet Mortgages has also cut rates on a range of two-year fixed rates across all three core ranges by 10 to 25 basis points (bps).
In the Standard and Limited Company ranges, rates have been reduced by 10 basis points, with prices now available from 3.69% (with a 3% fee), while in the HMO/MUFB range, rates have been reduced by 25 basis points, with prices now available from 3.99% (also with a 3% fee).
Fleet of mortgages Chief Commercial Officer Steve Cox commented: “Landlords with high equity are often very focused on price, and this new 65% LTV range is designed with that in mind. It gives borrowers access to lower rates, clear fee choices and products that work in both Standard, Limited Company and HMO or MUFB cases.”
“We know that many portfolio landlords are actively reviewing their loans this year, either to refinance or to support further purchases, and these products are squarely aimed at that audience.”