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Steve Cox
Chief Commercial Officer
Fleet Mortgages, the buy-to-let specialist lender, has today (20th March 2025) announced the launch of a new range of products, available up to 55% LTV, for standard, limited company and HMO/multi-unit block landlord borrowers.
The new five-year fixed-rate products, available up to 55% LTV, are:
• Standard/limited company: A 4.79% mortgage with a 3% fee (minimum of £750) and a 5.34% mortgage with a fixed £999 fee.
• HMO/multi-unit block: A 5.19% mortgage with a 3% fee (minimum of £750) and a 5.74% mortgage with a fixed £999 fee.
The standard and limited company products come with a free valuation for properties up to a value of £500k, with a minimum loan of £25k, and a maximum loan of £750k on the fixed-fee products.
Fleet said the launch of these new 55% LTV positioned the lender as a market-leader within this specific lower LTV segment, and would potentially offer a competitive alternative for landlord borrowers who might otherwise be considering a product transfer with their existing lender.
The new products follow last week’s raft of criteria changes announced by Fleet, and a number of other price cuts in March.
Steve Cox, Chief Commercial Officer at Fleet Mortgages, commented:
“Last year we were able to successfully launch a range of 65% LTV products, and we have followed this up with a lower LTV segment offering, with new products at 55% LTV across all three of our core offerings – standard, limited company and HMO/MUB.
“For existing landlord borrowers in particular, who have potentially benefited from increased house price inflation over the medium to long-term allowing them to build up equity, these lower LTV options come with highly competitive pricing, two different fee/rate options, and might well be seen as an alternative remortgage option, rather than just accepting a PT from the existing lender.
“One of the key areas that we focus on at Fleet is providing a greater array of product options for borrowers coming to the end of their existing deals, and these new 55% LTV mortgages help us broaden the product proposition in this area.”
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