UK-based buy-to-let specialist lender Fleet Mortgages has introduced new limited edition five-year fixed-rate products, with no completion fees. 

The new offerings are aimed at standard, limited company, and house in multiple occupation (HMO) or multi-unit block (MUB) borrowers.  

These products are available up to 75% loan-to-value (LTV), with a rate of 5.59% for standard and limited company borrowers while HMO/MUB borrowers can access a rate of 5.93%.  

Fleet Mortgages stated that the new offerings would offer significant upfront savings. 

In addition to the savings on completion fees, there is a nominal booking fee of £199 for each product. 

Fleet Mortgages also provides free valuations for properties valued up to £500,000 for both standard and limited company borrowers. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Fleet Mortgages chief commercial officer Steve Cox said: “Last year, the challenge of a higher interest rate environment and what is required in terms of affordability criteria, meant we saw a large number of lower rate/higher fee products being launched. 

“Now that we have seen rates come off those highs, with swap rates stabilising, and a far more competitive rate environment, we wanted to ensure we offered a different set of products which did not come with any completion fee whatsoever.” 

Last month, Fleet Mortgage lowered rates on all two, five and seven-year solutions across three of its main product categories: standard, limited company, and HMO/MUB. 

The company’s portfolio also features a variety of Tracker and Green Tracker products to meet the needs of borrowers.  

Furthermore, Fleet Mortgages offers an array of product transfer options for its existing customers.