Fleet Mortgages has launched new restricted firm 65% loan-to-value loans and lower pricing on two of its 65% LTV normal merchandise by 20 foundation factors.
The buy-to-let specialist lender introduces a pair of five-year restricted firm fixes — one with a zero-fee choice, obtainable at 5.64%, in addition to a 5.44% product with a hard and fast charge of £1,999, obtainable as much as a most mortgage dimension of £300,000.
It has additionally lower charges on two of its 65% LTV normal five-year, fixed-rate merchandise by 20bps.
At this time period, the zero-fee choice is now obtainable at a charge of 5.64%, beforehand 5.84%, whereas the 5.44% product, beforehand 5.64%, has a £1,999 mounted charge.
All normal merchandise include a rental calculation of 125% at pay charge for fundamental taxpayers and 145% at pay charge for higher-rate taxpayers.
Free valuations can be found for properties valued as much as £500,000, and are discounted for values above this.
Fleet Mortgages chief industrial officer Steve Cox says: “Our intention right here is to current advisers with quite a lot of choices for his or her landlord shoppers, whether or not they need a decrease charge with a hard and fast charge to assist meet affordability, or they need a zero-fee choice.
“This is about offering a product proposition which works for quite a lot of desires and wants, for landlord debtors looking for to both buy or refinance.”
