Fleet is known for providing products for limited companies and those seeking to purchase or refinance HMOs.
The product has a reversion rate of LIBOR plus 4.5%, currently 5.1%, while it comes with a completion fee of 1.25%.
Bob Young, chief executive officer of Fleet Mortgages, said: “This 2-year fix rate for standard buy-to-let borrowers is aimed at the mainstream landlord and provides a highly competitive rate delivering stability and certainty over that period.
“Not only do advisers and their clients have the products they asked for, but they have our criteria which although designed for the experienced landlord, is also suitable for less experienced buy-to-let borrowers.
“Our focus is on quality technology and human beings working together – advisers using us have real people to talk to; professionals who are able to provide answers quickly and where we can’t support a case we will let you know as soon as possible.
“We never take our success for granted and continually work on both our product and service offering. After some particularly strong months we are confident we can maintain our high delivery standards.”
This is Fleet’s second standard buy-to-let product release in the space of a week, as the lender launched a mortgage at 3.29% with a completion fee of £500 last week.
