Fleet launches new five-year fixed rates

Fleet Mortgages has launched a new range of five-year fixed rate products available across its three core product areas: standard, limited company and HMO/multi-unit block (MUB).

Available up to 75% LTV, the new standard and limited company products are available at a rate of 5.29%, while the HMO/MUB product is offered at 5.69%. 

The new five-year fixed-rate products all come with a fee of 3%, with a minimum of £750.

Steve Cox, chief commercial officer at Fleet Mortgages, commented: “There is a lot of noise around the buy-to-let mortgage market at the moment, particularly with the recent Budget, however we know there are still thousands upon thousands of landlords seeking competitive finance for their properties, whether to remortgage or in order to add to portfolios.

“This new range of five-year fixes come with competitive rates and for all landlord clients will offer monthly payment certainty over an extended period.

“Our recent Rental Barometer showed the continued strength of rental yields across England and Wales, and competitive mortgage rates will play a strong role in terms of supporting landlord profitability, keeping them invested and also providing them with loans in order to make purchases were appropriate.

“As a specialist lender in the buy-to-let space, we believe sector participants will continue to adapt, and cut their cloth accordingly, and that as a result, the need for quality advice and specialist lending in this area will continue to be required.”