Fleet Mortgages has announced several rate cuts across its standard and limited company ranges.

The buy-to-let (BTL) specialist lender has cut the pricing on all its standard and limited company products by five basis points, with rates starting at 3.19% for two-year fixes up to 60% LTV, 3.29% for 70% LTV and at 3.44% for 75% LTV.

Fleet is also offering five-year fixed rate products with rates starting at 3.54% at 60% LTV, 3.59% for 70% LTV and 3.69% for 75% LTV.

The lender has also launched a new range of bank base rate (BBR) tracker products across all three of its core product ranges with no ERCs payable, as well as free and discounted valuations available to both standard and limited company landlord borrowers.

“We know that many landlords are weighing up their options currently and assessing whether now is the time to take advantage of a number of things in their favour, notably the stamp duty holiday period and access to excellently-priced mortgage products,” Fleet distribution director, Steve Cox commented.
 
“Cutting the prices of all our standard and limited company products makes them even more attractive and we’ve been able to do this because of the strength of our relationships with our funders, and their appetite to be active in the UK buy-to-let space.
 
“We are also changing all our revert rates to track BBR which will be easier for customers to understand and provide extra clarity for advisers when explaining our product options.
 
“In doing this, it has opened up our ability to launch a brand new range of BBR lifetime trackers across our three core product ranges, which, given they come with no ERCs at all, will I’m sure be of interest to many landlord borrowers.”

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