Fleet Mortgages cuts tracker rates

Buy-to-let lender Fleet Mortgages has cut rates across all lifetime tracker products for standard, limited company/LLP, and HMO/multi-unit freehold blocks (MUFBs).

Tracker products have been cut by 0.20%, bringing rates at 3.39% to 65% LTV and 3.49% to 75% LTV, for both individual and limited company landlords.

For HMO/MUFB 65% LTV trackers now stand at 3.69% to and 75% LTV are 3.79%.

All Fleet’s lifetime tracker rates come with a rental calculation of 125% at 5.5% and no early repayment charges (ERCs). Free and discounted valuations apply to all standard and limited company/LLP products.

Steve Cox, chief commercial officer at Fleet Mortgages, said: “For many landlord borrowers, flexibility of finance is absolutely key and the price cuts we are making to our lifetime tracker products provides more attractive rates, lower monthly payments and, if required, the ability to review their mortgage options without having to pay any early repayment charges.

“At a time when the direction of travel for many buy-to-let lenders looks likely to be to increase rates, Fleet is able to offer price cuts here and keep rates the same on all other products. Plus, we continue to offer free and discounted valuations for both individual and limited company/LLP borrowers which will help with their upfront costs.

“Overall, we are completely focused on supporting advisers and their landlord borrower clients and would urge firms to contact their BDMs to see how we can continue to help them find the mortgage finance they need.”

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