Fleet Mortgages to lend to limited liability partnerships

Fleet Mortgages has confirmed that it will now lend to limited liability partnerships (LLPs).

The buy-to-let (BTL) specialist lender is offering a specific product range to LLPs, in conjunction with its existing proposition for limited company borrowers.

Fleet’s range of products for LLPs will include two-year fixes at 65% LTV and 3.04%, 70% LTV and 3.24%, as well as 75% and 3.34%. All available with a rental calculation of 125% at 5.5% and a fee of 1.5%. The lender also has five-year fixes at 65% LTV and 3.44%, and at 75% LTV and 3.49%. All products come with either free or discounted valuations.

The lender also revealed it is introducing improved criteria for both LLP and limited company borrowers, including a personal guarantee requirement for each member of the LLP. It will however no longer require all limited company shareholders to be party to the application and provide personal guarantees.

Fleet Mortgages chief commercial officer, Steve Cox, said that the lender is trying to provide as many different avenues for borrowers utilising a variety of different corporate vehicles for their property ownership.

“That’s certainly been the case with our limited company range and we’re very pleased to be able to expand the reach of our lending with specific options for LLP borrowers including two-year fixes, five-year payrate options and lifetime trackers,” Cox stated.

“There is further good news for advisers and their landlord clients in terms of our current service levels, where we are able to assess documents within 24 hours, provide same-day DIP reviews and turn valuations around within a day.

“In an incredibly busy market to have this kind of certainty and speed is proving incredibly popular, and we would urge advisers who are active in the BTL sector to work with Fleet to see how we can help support your business growth.”

    Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?

The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.


Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?



In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.

The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.

In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.