Standard and limited company/LLP at 65% loan-to-value (LTV) are now at 3.39% cut from 3.59% and at 75% LTV the rates are set at 3.49% cut from 3.69%.
Fleet Mortgages, the buy-to-let specialist lender, has cut rates by 20 basis points across all lifetime tracker products available in its three core ranges.
Standard and limited company/LLP at 65% loan-to-value (LTV) are now at 3.39%, cut from 3.59% and at 75% LTV the rates are set at 3.49%, cut from 3.69%.
For HMO/MUFB at 65% LTV rates are at 3.69%, cut from 3.89%, and 3.79% at 75% LTV, from 3.99%.
All Fleet’s lifetime tracker rates come with a rental calculation of 125% at 5.5% and no early repayment charges (ERCs). Free and discounted valuations apply to all standard and limited company/LLP products.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “For many landlord borrowers, flexibility of finance is absolutely key and the price cuts we are making to our lifetime tracker products provides more attractive rates, lower monthly payments and, if required, the ability to review their mortgage options without having to pay any early repayment charges.
"At a time when the direction of travel for many buy-to-let lenders looks likely to be to in-crease rates, Fleet is able to offer price cuts here and keep rates the same on all other prod-ucts.
"Plus, we continue to offer free and discounted valuations for both individual and limited company/LLP borrowers which will help with their upfront costs.
"Overall, we are completely focused on supporting advisers and their landlord borrower cli-ents and would urge firms to contact their BDMs to see how we can continue to help them find the mortgage finance they need.”
