Fleet Mortgages launches two-year fix

Keys, buy to let, key 

Fleet Mortgages has today launched a two-year buy-to-let fixed-rate product in its standard range.

The new product has an initial rate of 2.79 per cent to 75 per cent LTV. It has a revert rate of 5.28 per cent (currently LIBOR plus 4.75 per cent).

The product has an ICR of 125 per cent at 5 per cent for all taxpayers and a 1 per cent fee.

The maximum loan size is £200,000.

The lender has also brought in new five-year fixed buy-to-let loans.

The first is in the standard range and is 3.89 per cent to 75 per cent LTV with a 1 per cent fee.

The second is a limited company loan at 3.89 per cent to 75 per cent LTV. It has an ICR of 125 per cent at 3.89 per cent and has a 1.5 per cent fee.

Fleet Mortgages chief executive Bob Young says: “We’ve hit the ground running already in 2018 and have seen significant interest in purchasing and refinancing, particularly from portfolio landlords.”

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