Fleet Mortgages launches fixed rate buy-to-let products

Fleet Mortgages launches fixed rate buy-to-let products

Todays other news
Another council wants to get tough on all forms of...
Reforms to student housing undermine access to higher education and...
The Generation Rent activist group has produced a series of...
Two lettings agencies have announced expansion plans...


Fleet Mortgages has launched a range of fixed-fee mortgage products across its standard, limited company and HMO or multi-unit block sectors.

The intermediary-only buy-to-let lender believes that the products will specifically help advisers sourcing larger buy-to-let loans for their landlord clients.

The latest buy-to-let additions include two- and five-year fixed options, with a standard two-year fixed rate product available at 3.09% at 75% loan-to-value (LTV) and a fixed fee of £1,999.

A limited company product is also available at a five-year fixed rate of 3.89% at 75% LTV and a fixed fee of £6,250.

HMO landlords can fix for two years at 3.59% at 65% LTV with a £7,499 fixed fee, or at 3.69% at 75% LTV with a £7,499 fixed fee.

Bob Young, chief executive at Fleet Mortgages, commented: “At Fleet we are always looking to provide our adviser partners and their clients with a range of different product options in order to find the right one for them.

“The introduction of this new fixed-fee range to complement our existing percentage-based fee product offering does just that, and we believe it will be especially beneficial for those who are seeking larger buy-to-let loans.

Young says that Fleet has seen a noticeable uptick in buy-to-let activity in recent months, with professional landlords in particular seeking to add to portfolios, whilst also looking at refinance options in order to release capital for further purchases.

He added: “We believe these fixed-fee mortgages will provide greater product choice for landlord borrowers and provide further evidence of our continued specialist focus on the market and our increased appetite to lend.”

Tags: Mortgages

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
The Generation Rent activist group has produced a series of...
A building society has launched a new suite of buy...
Incorporation is increasingly important for landlords adapting to a changing...
Lenders are competing to win landlords customers...
Landlord repossessions have increased by 6.8% across England and Wales...
From tax tweaks to rising yields, landlords are adapting in...
Recommended for you
Latest Features
The latest guidance comes from the Beresford agency group...
The UK’s Autumn Budget delivered several headline-grabbing policies that will...
Government’s taxation policy is stifling growth and innovation in the...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.