Fleet Mortgages has launched a series of fixed-fee buy-to-let mortgages across its three core sectors – standard, limited company and HMO/multi-unit block.

Standard products include a 75% LTV two-year fixed rate at 3.09% with a fixed fee of £1,999 on a maximum loan size of £250,000, or 3.49% with a fixed fee of £4,999 with no maximum loan size.

Standard five-year fixed rates include a rate of 3.79% with a fixed fee of £4,999 or a 3.99% pay-rate product with a £4,999 fee, offered at rental cover of 135% at initial rate.

For limited companies, two-year fixed rates start at 3.09% with a fixed fee of £2,499 (max loan size £250k) or 3.49% with a fixed fee of £6,250 (no max loan size).

Five-year fixed rates for limited companies are available at 3.89% with a fixed fee of £6,250, or 3.99% with a £6,250 fixed fee, offered at rental cover of 125% at initial rate.

HMO products are available at 3.59% for a two-year fix at 65% LTV with a £7,499 fixed fee, or 3.69% at 75% LTV with a £7,499 fixed fee; plus a 3.99% five-year fix at 75% LTV with a £7,499 fixed fee.

For all standard and limited company products – except those offered at pay rate – Fleet Mortgages operates an ICR of 125% at 5%, regardless of tax rate.

The lender is also reducing its early repayment charges term on its LIBOR-tracking products from three years down to two, and has launched a new standard 75% LTV, two-year fix at 2.99% with a 1% fee.

Bob Young, chief executive officer of Fleet Mortgages, commented: “At Fleet we are always looking to provide our adviser partners and their clients with a range of different product options in order to find the right one for them. The introduction of this new fixed-fee range to complement our existing percentage-based fee product offering does just that, and we believe it will be especially beneficial for those who are seeking larger buy-to-let loans.

“These new fixed-fee products are available within our three core sectors - standard, limited company and HMO – and are offered at highly competitive rates, plus our standard and limited company borrowers benefit from our 125% at 5% rental cover calculation, except on the pay-rate products which are offered at 135% at the initial rate for standard borrowers, and 125% at the initial rate for limited company borrowers.

“We have seen a noticeable uptick in buy-to-let activity in recent months, with professional landlords in particular seeking to add to portfolios, whilst also looking at refinance options in order to release capital for further purchases. We believe these fixed-fee mortgages will provide greater product choice for landlord borrowers and provide further evidence of our continued specialist focus on the market and our increased appetite to lend.”

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