Buy to let specialist Fleet Mortgages has launched new remortgage products with cashback options, alongside a series of rate reductions and product changes.
The lender is introducing a new range of two- and five-year 75% LTV remortgage products for standard, limited company and HMO/MUFB borrowers, each of which comes with cashback between £500 and £1,000.
Pricing for the remortgage products starts at 4.54% and all are available where the borrower has owned the property for a minimum of six months.
Fleet has also made rate reductions across a wide range of existing products – up to 20 basis points to two- and five-year fixed rates covering both fee-paying and zero-fee product options.
Fleet has also repriced its lifetime tracker products, reducing all rates by 25 basis points.
Two-year tracker products for Standard, Limited Company and HMO/MUFB borrowers have also been updated, with revised rates and a move from 3% percentage fees to a £1,499 fixed fee structure.
And Fleet has expanded its range to include a new five-year fixed-rate, fixed fee product, available at 4.79% with a £4,000 fee for 75% LTV, available to standard and limited company borrowers, up to £750,000.
Steve Cox, chief commercial officer, says: “Remortgage demand remains a key part of the buy-to-let market and we know that a considerable number of mortgages will be coming up for maturity through 2026, with advisers looking at options for those landlord clients.
“We wanted to respond with products that give brokers and landlords something meaningful to consider, in terms of rates, fees and a cashback offering.”
This article is taken from Landlord Today