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Fleet Mortgages reduces BTL rates at 80% LTV

Fleet Mortgages has cut rates to two of its 80% loan-to-value (LTV) products in both its standard and HMO product ranges.

The buy-to-let specialist lender’s two-year 80% LTV mortgage for individual landlords has been cut from 3.69% to 3.59% while the lender’s five-year HMO product at 80% LTV has been reduced from 4.29% to 4.19%.

Fleet’s maximum loan size currently stands at £1m for a single loan at 80% LTV, while its maximum loan size increases to £2m for a single loan at 75% LTV. This excludes HMO, MUB and flats above commercial properties.


Steve Cox, distribution director of Fleet Mortgages, commented: “We are constantly reviewing our product offering in terms of both intermediary feedback and competitor analysis.

“Because of this, and the strong funding lines we have, Fleet is able to cut rates on these two 80% LTV products accessible to both individual landlords and those purchasing/refinancing a HMO property.

“Professional and portfolio landlords are much more likely to be active in the HMO space, plus the changes to the rules last year mean there are now a much larger number of properties classified as such.

“It’s therefore important that we continue to offer access to quality HMO products and ensure that our specialist knowledge and understanding can help advisers with clients active here.

“These rate cuts, coupled with our raft of criteria changes, ensure that Fleet remains at the cutting edge of this specialist market and that we are able to help even more landlords get the finance they need.”

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