FLEET MORTGAGES LAUNCH NEW 65% LTV LIMITED COMPANY PRODUCTS AND CUT RATES

17 May 2024

Fleet Mortgages, the buy-to-let specialist lender, has today (17th May 2024) launched new limited company 65% LTV products and cut pricing on two of its 65% LTV standard products.

There are two new, five-year fixed-rate limited company products launched today; one with a zero fee option, available at 5.64%, and a 5.44% product with a fixed fee of £1,999, available up to a maximum loan size of £300k.

Fleet has also cut rates on two of its 65% LTV standard five-year, fixed-rate products by 20 basis points.

The zero fee option is now available at a rate of 5.64%, previously 5.84%, while the 5.44% product, previously 5.64%, has a £1,999 fixed fee.

All standard products come with a rental calculation of 125% at pay rate for basic tax payers and 145% at pay rate for higher rate tax payers. Free valuations are available for properties valued up to £500k, and are discounted for values above this.

Fleet Mortgages also offer a range of Tracker products, plus a suite of product transfer options for existing borrowers.

Fleet Mortgages’ product guide and full list of lending criteria is available to view by visiting its website at: www.fleetmortgages.co.uk

Steve Cox, Chief Commercial Officer at Fleet Mortgages, commented:

“After last week’s new standard product launches and rate cuts, this week we have been able to turn our attention to our limited company range, launching new 65% LTV five-year fixes, with zero and fixed fee options. We’ve also been able to cut rates by a significant 20 basis points for standard 65% LTV five-year fixes, again with both zero and fixed fee options. Our aim here is to present advisers with a variety of options for their landlord clients, whether they want a lower rate with a fixed fee in order to help meet affordability, or they want a zero fee option. This is about providing a product proposition which works for a variety of wants and needs, for landlord borrowers seeking to either purchase or refinance.”

Fleet Mortgages’ product guide and full list of lending criteria is available to view by visiting its website at: www.fleetmortgages.co.uk