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.”