Fleet Mortgages has reduced rates by 15 basis points on its standard/limited company 75% loan-to-value (LTV) five-year fixes and Energy Performance Certificate (EPC) A-C variations.
The normal standard and limited company 75% LTV five-year fixed rate products are now available at 4.99%, down from 5.14%.
At the same time, the EPC A-C variations for those properties with an EPC rating of C or above now come with a rate of 4.89%, down from 5.04%.
All of these five-year fixed rate 75% LTV products come with a 3% fee.
The buy-to-let (BTL) specialist lender explained that it was able to cut the rates due to its funding model and following the recent moves in swap rates.
Fleet Mortgages also continues to offer its £1,000 cashback incentive to landlords who improve the EPC level of their property to a C or above during the course of their initial fixed rate period.
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In November, the lender relaunched its five-year EPC A-C fixes.
Competitive rates
The price cuts follow the relaunch of 65% and 75% LTV five-year fixed rate products last month, which come with fixed £3,999 fee and zero-fee options.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “We are always looking at opportunities to reduce pricing, and recent moves in the market have allowed us to cut rates on these 75% LTV five-year fixes and the EPC A-C alternatives by 15 basis points.
“Affordability remains a constant consideration, and by offering these competitive rates, we believe the product range will be opened up for more landlord borrowers.
“It’s an important time of the year, with many landlords considering their finance options, and we’ll continue to work with advisers to ensure their clients have access to quality products and excellent rates.”
