Fleet Mortgages cuts rates on range of two- and five-year fixes

23 April 2025

Fleet Mortgages, the buy-to-let specialist lender, has today (23rd April 2025) announced a 15 basis points (bps) price cuts to a variety of two- and five-year fixed-rates across its three core ranges: standard, limited company and HMO/Multi-Unit Freehold Block (MUFB).

For its 75% LTV two-year fixes, the following cuts have been made:

Standard/Limited Company: the product for those who are purchasing/remortgaging a property with an EPC of A-C has been cut from 4.29% to 4.14%, while the equivalent non-EPC A-C product has been cut from 4.39% to 4.24%. Both come with a 3% fee (with a minimum of £750).
Standard/Limited Company: the fixed-fee of £5,499 product has been cut from 4.89% to 4.74%.
HMO/MUFB – the 3% fee EPC A-C product has been cut from 4.49% to 4.34%; the equivalent non-EPC A-C product has been cut from 4.59% to 4.44%. The £1,999 fixed-fee product rate has been cut from 5.79% to 5.64%.

Fleet has also cut rates across its five-year fixes, on both 65% and 75% LTV products. The new Standard/Limited Company 65% LTV rates with zero completion fees have been cut from 5.49% to 5.34%; the 75% LTV rates with zero completion fees have been cut from 5.59% to 5.44%.

For those 75% LTV five-year fixes, which come with fees, the following cuts have been made:

Standard/Limited Company: the product for those who are purchasing/remortgaging a property with an EPC of A-C has been cut from 4.89% to 4.74%, while the equivalent non-EPC A-C product has been cut from 4.99% to 4.84%. Both come with a 3% fee (with a minimum of £750).
HMO/MUFB – the 3% fee EPC A-C product has been cut from 5.29% to 5.14%; the equivalent non-EPC A-C product has been cut from 5.39% to 5.24%.

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:

“Market rate movements in recent weeks have been trending downwards in anticipation of future cuts by the Bank of England. Last week’s UK inflation figures appear to cement that trend which may well see action being taken at next month’s MPC meeting.

“Given these movements and the strength of our funding model, Fleet is able to make today’s announcement and we are very pleased to be cutting rates by 15 basis points across a wide variety of both 65% and 75% LTV two- and five-year fixes, with different fee structures – percentage-based, fixed-fee and some with no completion fees at all.

“There will always be a strong cohort of landlord borrowers who want monthly mortgage payment certainty, and the only way they can secure this is via a fixed-rate mortgage, whether two- or five-year.

“These new rates are highly competitive and should allow advisers to present a positive mortgage picture to their landlord borrower clients, and to help them either fund a new purchase or refinance their current deals to secure their portfolio ambitions over the next two- or five-year period.”

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