Fleet Mortgages pulls entire product range

Fleet Mortgages has withdrawn its entire product range while it waits for more funding.

A broker note issued by the BTL specialist lender states: “We have recently completed £400m of mortgage loans with one of the world’s largest asset managers.

“Due to the launch of our new products in December this tranche of funding was filled much quicker than we initially anticipated. We have therefore had to pull the current product range while we wait for the next funding line to be made available.

“We will keep you fully informed as to when the new product range will be launched.”

Mortgage Strategy understands that Fleet anticipates securing a new funding line soon, and that a new product range will be launched before the end of January.

The new products referred to in the note were announced in mind-December and consist of 65 per cent to 75 per cent LTV fixed-rate mortgages across its standard and limited company ranges.


Fleet Mortgages announces new products

Fleet Mortgages has announced the launch of new products across both its standard and limited company ranges, as well as criteria changes specifically for portfolio landlords. The new buy-to-let products include the introduction of three-year deals and pay rates on the lender’s standard range moving to an ICR of 125 per cent. Rates start from […]


Connect for Intermediaries strikes deals with Zephyr and Fleet

Connect for Intermediaries is now packaging for new lender Zephyr, which was launched last month by Computershare Loan Services. The firm will also package for Fleet Mortgages, which has widened its buy-to-let range to the wider market. Zephyr is now accepting both individual and limited company applications, with rates starting from 2.69 per cent. Meanwhile, […]


Hodge Lifetime’s Steve Cox joins Fleet Mortgages

Specialist lender Fleet Mortgages has appointed Steve Cox as its new distribution director. Cox most recently worked at Hodge Lifetime as business development director with responsibility for lifetime and equity release sales; he held the role since April 2016. Prior to this Steve spent eight years as head of commercial development at Sesame Bankhall Group. […]

Amicus Finance Plc enters administration

Amicus Finance Plc has entered administration, having appointed Begbies Traynor to act as agent of the company without liability. A notice on the firm’s website states that on 20 December 2018, Mark Robert Fry, Jamie Taylor and Kirstie Jane Provan were appointed joint administrators of Amicus Finance Plc. The news follows the announcement in mid-December […]


News and expert analysis straight to your inbox

Sign up