Fleet Mortgages launches 13 new products

Fleet Mortgages has launched a new product range covering its three key borrower groups – standard, limited compmany and HMOs.

Related topics:  Mortgages
Rozi Jones
23rd June 2017
Bob Young Fleet
"Having spoken to our intermediary partners, we are acutely aware of their desire for simplicity, competitive rates, and a quality service that provides them with certainty."

All 13 new products are available with immediate effect and standard and limited company are offered with a rental calculation of 125% at 5%.

New standard rates at 75% LTV start from 2.99% for a two-year fixed rate and 3.99% for a five-year fix. Lifetime trackers are available at LIBOR plus 3.5%, currently 3.82%.

Limited company products include two-year fixed rates from 3.29% at 65% LTV and 3.49% at 75% LTV. Five-year fixed rates are available at 3.69% and 3.99% respectively.

HMO two-year fixes start from 3.39% at 65% LTV and 3.69% at 75% LTV, while a 75% LTV five-year is on offer at 3.99%.

Bob Young, Chief Executive Officer of Fleet Mortgages, commented: “This new range of buy-to-let products – across our three core areas – is highly competitive and comes with a further significant benefit in the form of our ICR, which is 125% at 5%, for standard and limited company products.

"Having spoken to our intermediary partners, we are acutely aware of their desire for simplicity, competitive rates, and a quality service that provides them with certainty. This new range has been designed to do just that, and hopefully this type of clarity – plus our broadening range of criteria options that we continue to introduce – will ensure advisers know exactly what they are getting by recommending Fleet Mortgages.

"We continue to seek feedback on our proposition and service offering and will be listening to all our partners to ensure we continue to deliver exactly what they need for their buy-to-let clients, whether they are looking for finance as individuals, limited companies or to fund HMOs and multi-units.”

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