Fleet Mortgages cut rates on all five-year HMO/MUFB products

11 February 2025

Fleet Mortgages, the buy-to-let specialist lender, has today (11th February 2025) reduced rates by up to 25 basis points (bps) on all five-year HMO and multi-unit freehold block (MUFB) fixed rates and its EPC A-C variation.

The new product rates are now:

65% LTV five-year fixed rate has been reduced by 20bps to 5.59%, with the 75% LTV also reduced by 20bps to 5.69%; both products come with a fixed £3,999 fee.
75% LTV five-year fixed rate with a 3% fee (minimum of £750) has been reduced by 15bps to 5.39%, while the 3% fee EPC A-C product – for those properties with an Energy Performance Certificate Level of C or above – has also been reduced by 15bps to 5.29%.
The zero fee 75% LTV five-year fixed rate has been reduced by 25bps to 5.89%.

Fleet said it was able to cut the rates on these products due to its funding model and recent moves in swaps, and it was looking to launch further new products in the weeks ahead.

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.

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:

“Landlords are increasingly looking at the property investment opportunities that exist in the HMO and MUFB sector, as they seek the higher yields these type of properties often deliver. This is why we continue to offer a specific product range tailored to these, and we’re pleased to be able to reduce pricing across all our five-year fixes, at both 65% and 75% LTV, by up to 25 basis points. This will help borrowers with their affordability, and provides advisers with an increasingly competitive product offering for those landlord clients either seeking to purchase or refinance their HMO or MUFB properties.”