Fleet Mortgages announces rate cuts to 75% LTV products

Fleet Mortgages has announced it has cut the rates on its 75% LTV pay-rate products.

The buy-to-let specialist lender offers the products across three core parts of its range – standard, limited company as well as HMO and MUBs up to six bedroom or units.
 
The rates have been cut on Fleet’s five-year fixed rates with both the standard and limited company products down by 10 basis points, from 3.59% to 3.49%. The HMO/MUB product has been cut by 20 basis points from 3.99% to 3.79%.
 
The standard and HMO/MUB products come with a 1.5% fee, while the limited company product has a 1.75% fee.
 
Fleet also confirmed it is continuing to offer discounted or free valuations across its product range, plus lifetime trackers with no early repayment charges.

“Many landlords are looking to maximise the loans they can achieve and these product cuts to our five-year pay-rates will ensure they are even more attractive to borrowers,” Fleet chief commercial officer, Steve Cox, commented.

Whatever property type they are seeking to purchase or refinance, and whatever their borrowing needs, these pay-rate deals should be of greater interest. 

“Coupled with our excellent service offering – we are currently assessing documents within 24 hours, conducting same-day DIP reviews, and delivering valuation turnaround in a day – we believe we have the very strongest buy-to-let proposition and an ability to help advisers and their landlord borrowers secure their mortgage finance quickly and painlessly.”

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