Fleet Mortgages cuts rates across fixed rate products

By: ameer@trustedteam.com

Fleet Mortgages has made price cuts to its fixed-rate products, effective today (17 January).

The price reductions cover Fleet’s five- and seven-year fixes and its green five-year fix across the lender’s standard, limited company and houses of multiple occupancy (HMO)/multi-unit block ranges.

Five-year fixed rates now start at 5.29% for 65% loan-to-value (LTV) and 5.39% for 75% LTV, which are available for standard and limited company borrowers, while a seven-year fix is available at 5.43%.

The lender’s five-year fixed green mortgage product, which is available on properties with an energy performance certificate (EPC) rating of C and above, maintains its 10 basis point discount and is available at 5.29% at 75% LTV.

For HMO and multi-unit block products, Fleet has priced the 65% LTV five-year fix at 5.43% and the 75% LTV at 5.53%, with the 75% LTV five-year fix green mortgage product now at 5.43%.

Fleet Mortgages chief commercial officer Steve Cox says: “This is the second time we’ve been able to cut prices on our fixed-rate products in just over a month, so it’s very positive to see the direction of travel for rates continuing to head southwards.”

“Rates have undoubtedly stabilised in the last couple of months, and we hope this continues to be reflected in our product and price offering.”

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