Fleet Mortgages cuts two-year fixes by up to 0.25%

Specialist buy-to-let lender, Fleet Mortgages, has announced rate reductions of up to 25 basis points on a number of two-year fixed rate products across its standard and limited company product ranges.

Changes include a 15bps reduction to the lender’s two-year 3% fee non-EPC A-C products, now available at 3.99%. A 15bps cut has also been made to its two-year 3% fee EPC A-C products, now priced at 3.89%, down from 4.04%. 

In addition, a 25bps reduction has been applied to Fleet’s two-year fixed-fee products (both £1,999 and £5,499 options), now priced at 5.39% and 4.39% respectively.

All these products are available at 75% LTV for both standard and limited company borrowers. Additionally, all products come with a free valuation for properties up to £500,000, while there is a maximum loan of £750,000 on the fixed-fee products. 

Steve Cox (pictured), chief commercial officer at Fleet Mortgages, commented: “We continue to see strong demand for two-year fixed rates, particularly among landlords who want cost certainty in the short-term but also want to stay agile in a changing market. By reducing rates on our standard and limited company two-year product ranges, we’re making sure our products remain accessible and relevant.

“As a lender, we are focused on supporting advisers and their landlord clients with a competitive offering that reflects the needs of the moment, and these changes are yet another example of that commitment in action.”