Fleet launches new BTL and HMO loans

Bob Young Fleet 2014


Fleet Mortgages has today launched a new buy-to-let and residential product range covering individual landlords, limited company borrowing and houses in multiple occupation.

The lender has brought in 13 new products. The standard and limited company loans have a rental calculation of 125 per cent at 5 per cent.

The products are split between two- and five-year fixed rate deals, plus lifetime trackers.

The new individual landlord loans include a two-year fixed rate at 2.99 per cent and 75 per cent LTV up to £200,000 and with a rate of 3.49 per cent up to £750,000.

The range also includes a five-year fix at 3.99 per cent.

Fleet has also brought in a limited company two-year fix at 3.29 per cent to 65 per cent LTV and a five-year loan at 3.69 per cent.

The new HMO range includes two-year fixed rates at 3.39 per cent at 65 per cent LTV.

The details of the new loans are available here: www.fleetmortgages.co.uk/products-p-9.html

Fleet Mortgages chief executive Bob Young (pictured) says: “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.”