Fleet Mortgages has announced a revamp to its product range for those purchasing or remortgaging houses of multiple occupation (HMOs). The lender has launched a new two-year, fixed-rate HMO mortgage for landlord borrowers, with a rate of 6.49%, available up to 75% LTV. At the same time, Fleet has reduced its five-year fixed-rate HMO mortgage by 35 basis points, cutting it from 5.89% to 5.54%.

CHL Mortgages has refreshed its limited edition buy-to-let range and added 0%, 3.5% and 7% fee options. The range including the new fee options is available on the lender’s standard and small HMO/MUFB products. For self-contained units, the two-year fixed rates in the range now also include 0% and 3.5% fee options, while the five-year fixed rates feature both as well as the 7% fee options.

Accord Mortgages has reduced rates across its residential range by up to 0.35% on products up to 95% loan-to-value (LTV). The lender’s biggest cuts, effective from Tuesday 27 August, will apply to products up to 85% LTV – with two-year deals reducing by as much as 0.35% and three-year rates discounted by up to 0.25%. Five-year products to 85% LTV are to reduce by up to 0.20%, and those looking to fix for 10 years will benefit from 0.20% lower rates, up to 85% LTV.

---