Fleet, YBS and MT Finance boost BTL mortgage options

Three leading buy to let lenders have unveiled mortgage products or improved systems tailored to the evolving needs of landlords.

Fleet Mortgages, YBS Commercial Mortgages and MT Finance are rolling out distinct offerings, each designed to enhance flexibility, speed and borrowing capacity for landlords.

Fleet has revealed a selection of five-year fixed-rate mortgages capped at 55% loan-to-value (LTV).

Available to standard, limited company and HMO/multi-unit block landlords, these options include a 4.79% rate with a 3% fee (minimum £750) or a 5.34% rate with a £999 fixed fee for standard and limited company borrowers.

For HMO and multi-unit properties, rates start at 5.19% with a 3% fee or 5.74% with a fixed fee.

Properties valued up to £500,000 qualify for a complimentary valuation, with loans ranging from £25,000 to a maximum of £750,000 on fixed-fee deals.

For landlord borrowers

Fleet’s chief commercial officer, Steve Cox, said: “Last year we were able to successfully launch a range of 65% LTV products, and we have followed this up with a lower LTV segment offering, with new products at 55% LTV across all three of our core offerings – standard, limited company and HMO/MUB.

“For existing landlord borrowers in particular, who have potentially benefited from increased house price inflation over the medium to long-term allowing them to build up equity, these lower LTV options come with highly competitive pricing, two different fee/rate options, and might well be seen as an alternative remortgage option, rather than just accepting a PT from the existing lender.”

YBS Commercial boosts delivery

Meanwhile, YBS Commercial Mortgages is accelerating its service delivery by slashing initial enquiry response times from 48 hours to a swift 24 hours.

The lender says the enhancement ensures brokers receive prompt decisions – either an approval with provisional terms or a clear rejection – supported by daily underwriter collaboration.

Mike Davies, the head of lending at YBS Commercial, said: “We understand the importance of brokers being able to provide their clients with a yes or no answer as quickly as possible, which is why I’m delighted to halve our response time to initial enquiries, providing that all relevant information is supplied upfront.

“Process-driven improvements are a clear focus for us this year, as we look to deliver the best possible service by streamlining the customer journey as much as we can – and this is just one of the ways we’re doing this – with more to come.”

Small HMO buy to let product

Elsewhere, MT Finance has boosted its small HMO buy to let product, elevating the maximum LTV to 80% on its five-year fixed Tier 1 offering.

Aimed at properties with up to six rooms without complex structures, this adjustment allows loans of up to £2 million, empowering investors to capitalise on the thriving HMO market.

The lender’s director of mortgages, Marylen Edwards, said: “We’re seeing continued strong demand in the HMO sector as investors seek higher yields in the current market.

“By increasing our maximum LTV to 80% on our five-year fixed rate product, we’re providing investors with greater leverage opportunities while maintaining our commitment to responsible lending.”

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