Fleet Mortgages unveils 5-year fixed-rate products across all major categories.
- These products cater to standard, limited company, and HMO/MUB markets.
- Loan-to-value options available up to 75%, with varied interest rates.
- Competitive rates of 5.29% for standard and limited company, 5.69% for HMO/MUB.
- New offerings promise extended payment certainty for landlords.
Fleet Mortgages has announced the launch of its 5-year fixed-rate products across three essential areas in its portfolio: standard, limited company, and House in Multiple Occupation (HMO)/Multi-Unit Block (MUB). This strategic move aims to address the demand for stable financing options amidst market fluctuations, especially following recent economic announcements.
The products are accessible with a loan-to-value (LTV) ratio of up to 75%, making them a viable choice for a broad spectrum of landlords seeking reliable financial solutions. The standard and limited company options are available at an attractive interest rate of 5.29%, while the HMO/MUB category is offered at a marginally higher rate of 5.69%.
These new 5-year fixed-rate offerings are subject to a fee of 3%, with a minimum threshold of £750, ensuring transparency and predictability for potential clients.
Steve Cox, the Chief Commercial Officer at Fleet Mortgages, highlighted the significant discourse surrounding the buy-to-let mortgage sector, particularly following the recent budget. He underscored the substantial demand from landlords for competitive financing, whether for refinancing existing properties or expanding portfolios.
These offerings are designed to provide certainty in monthly payments over an extended period, thus supporting landlords in maintaining profitability amidst market changes. Fleet Mortgages’ recent Rental Barometer underscores robust rental yields across England and Wales, reinforcing the company’s belief in the integral role of competitive mortgage rates.
Being a specialist in the buy-to-let sector, Fleet Mortgages foresees a continued need for bespoke lending solutions. The company remains committed to adapting to market needs and providing quality advisory services, ensuring landlords are well-equipped to navigate the evolving landscape.
The introduction of 5-year fixed-rate products by Fleet Mortgages is a strategic response to the dynamic needs of landlords, ensuring financial stability and growth.
