Specialist buy to let lender Fleet Mortgages new Green Mortgages across its three core ranges – standard, limited company and LLP, HMO and multi-unit freehold blocks.

The new Green products are available to those landlord borrowers seeking to purchase or remortgage properties which have an EPC level of A through to C, and are five-year fixes available at 75 per cent Loan To Value.

They come with a 10-basis points reduction off Fleet’s core five-year fixes with both standard and limited company/LLP offered at 4.85 per cent and HMO/MUFB offered at 4.99 per cent.

Fleet has also reintroduced product options at 65 per cent LTV, with standard and limited company/LLP products available at 4.85 per cent and HMO/MUFT at 4.99 per cent.

Steve Cox, chief commercial officer at Fleet Mortgages, comments: “We are very pleased to be making our first entry-level foray into the provision of Green mortgages for landlord borrowers, who are increasingly looking for properties with EPC levels between A and C in order to meet any future requirements placed upon them in this area.

“This is an entry point for us when it comes to Green activity and we’ll continue to look at the ways and means by which we can support landlords as they seek to deliver greater levels of energy efficiency within the housing stock of the private rental sector.

“We’ve also been able to reintroduce our 65% LTV products across all three core ranges, however as swap rates have rocketed and as the market for two-year fixes has diminished, we have made the decision to temporarily withdraw our two-year products.

“At present, to be active in this space would mean pricing these products at levels which would simply be unattractive to advisers and their landlord clients, especially given that five-year money is far cheaper than two-year at present.

“We’ve therefore decided to stick with five- and seven-year products alongside our trackers until a time when the market shifts, and it makes sense to bring back competitively-priced two-year fixes.”