Fleet Mortgages reduces rates on 75% LTV five-year fixes

10 December 2024

Fleet Mortgages, the buy-to-let specialist lender, has today (10th December 2024) reduced rates by 15 basis points on both its standard/limited company 75% LTV five-year fixes and EPC A-C variations.

The normal standard and limited company 75% LTV five-year fixed-rate products are now available at 4.99%, down from 5.14%, while the EPC A-C variations – for those properties with an Energy Performance Certificate Level of C or above – now come with an improved rate of 4.89%, down from 5.04%.

All these five-year fixed-rate 75% LTV products come with a 3% fee. Fleet said it was able to cut the rates on these products due to its funding model and recent moves in swaps.

Fleet also continues to offer its £1,000 cashback incentive to landlord borrowers who improve the EPC level of their property to a C or above during the course of their initial fixed-rate period.

The price cuts follow the relaunch of both 65% and 75% LTV five-year fixed-rate products last month, which come with both fixed £3,999 fees, and zero-fee options.

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:

“We are always looking at opportunities to reduce pricing, and recent moves in the market have allowed us to cut rates on these 75% LTV five-year fixes and the EPC A-C alternatives by 15 basis points. Affordability remains a constant consideration and by offering these competitive rates, we believe the product range will be opened up for more landlord borrowers. It’s an important time of the year with many landlords considering their finance options, and we’ll continue to work with advisers to ensure their clients have access to quality products and excellent rates.”