Fleet unveils new five-year fixed rate BTL mortgages

Fleet Mortgages has launched a new range of five-year fixed-rate products for landlords across the UK.

The buy to let mortgage lender’s fixed-rate mortgages are available for standard buy to let properties, limited company purchases and HMO/Multi-Unit Blocks (MUBs).

Available up to 75% LTV, standard and limited company mortgages start at 5.29%, while HMO/MUB options begin at 5.69%, all with a fixed rate for five years.

A 3% fee applies to all products, with a minimum of £750.

The buy to let mortgage market

The lender’s chief commercial officer, Steve Cox, said: “There is a lot of noise around the buy to let mortgage market at the moment, particularly with the recent Budget, however we know there are still thousands upon thousands of landlords seeking competitive finance for their properties, whether to remortgage or in order to add to portfolios.

“This new range of five-year fixes come with competitive rates and for all landlord clients will offer monthly payment certainty over an extended period.”

Competitive mortgage rates

He adds: “Our recent Rental Barometer showed the continued strength of rental yields across England and Wales, and competitive mortgage rates will play a strong role in terms of supporting landlord profitability, keeping them invested and also providing them with loans in order to make purchases were appropriate.”