Fleet streamlines buy-to-let range with lower 75% LTV rates

Fleet Mortgages has announced a range of price reductions across both two and five-year 75% LTV fixed rate products.

Fleet has cut rates by 10-15 basis points across both standard and limited company mortgage options. 

Its two-year 75% LTV product with a 3% fee - available on properties which have an EPC of A-C - has been cut from 3.89% to 3.79%, while the corresponding product for those properties EPC D and below, has been cut from 3.99% to 3.89%. End dates on both these products have also been extended to February 2028.

There have also been 10bps reductions across Fleet’s five-year 75% LTV products with 3% fee for both standard and limited company, with pricing now at 4.54% for EPC A-C properties and 4.64% for non-EPC A-C properties. 

On its fee-free five-year 75% LTV products, there has been a 15bps price cut from 5.34% to 5.19%, while the £1,999 fixed-fee option has been cut by 10bps from 5.09% to 4.99%. 

As part of the latest changes, Fleet has also withdrawn all existing 55% LTV products and a number of those offered at 65% LTV. 

Steve Cox (pictured), chief commercial officer at Fleet Mortgages, commented: “These changes highlight Fleet’s ongoing commitment to providing highly competitive pricing across the most in-demand parts of the buy-to-let market for landlord borrowers. By cutting rates on both our core two and five-year fixed 75% LTV products, we are hopefully providing advisers with a stronger array of competitive solutions to take to their landlord clients.”