Fleet Mortgages cuts rates on Two-Year Fixes

Fleet Mortgages, the buy-to-let specialist lender, has today (27^th February 2025) announced a series of rate cuts across its two-year fixed-rate products.

On its standard and limited company two-year fixes, up to 75% LTV with a 3% fee, Fleet has cut rates by 30 basis points (bps) from 4.69% to 4.39%.

While its two-year EPC A-C product – for those borrowers purchasing or remortgaging a property with an EPC of C or above – has also been reduced by 30bps – from 4.59% to 4.29%.

The two-year fixed-fee, fixed-rate product for standard and limited company borrowers, currently priced at 4.89% has had its fee reduced by £400, and is now set at £5,499.

In its HMO/multi-unit block (MUB) range, the two-year fixed rate with a 3% Fee, also available up to 75% LTV, has been reduced by 40bps, from 4.99% to 4.59%, as has the EPC A-C version of the product, moving from 4.89% to 4.49%.

The fixed-fee version for HMO/MUFB has been cut by 50 basis points, from 6.29% to 5.79%; the fee remains at £1,999.

These rate cuts follow Fleet’s launch of a range of two-year trackers last week, across all three core parts of its range – standard, limited company, and HMO/MUB.

Fleet Mortgages’ product guide and full list of lending criteria is available to view by visiting its website at: www.fleetmortgages.co.uk

Steve Cox, Chief Commercial Officer at Fleet Mortgages, commented:

“We’re very pleased to be announcing some substantial rate cuts of up to 50 basis points across a number of our two-year fixes, plus we’ve also been able to cut the fixed-fee on our two-year product for limited company and standard borrowers. This will clearly help advisers and their array of landlord borrowers in terms of affordability plus provides payment certainty over the next two years in what is likely to be an uncertain pricing period. Our two-year product options, both fixes and trackers, are proving increasingly popular as a growing number of landlord borrowers look for a shorter-term for their purchase and remortgage activity. Fleet is here to support advisers with their buy-to-let business and would urge them to contact their regional BDM to see how we can help them deliver further activity and positive outcomes in this area.”