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Fleet Mortgages launches fixed rate buy-to-let products

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.”

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