Fleet Mortgages has launched a range of two-year trackers across its three core product propositions.
The range is available up to 75% loan-to-value (LTV) for both purchase and remortgage.
Products are offered for standard, limited company and houses of multiple occupancy(HMO)/multi unit block (MUB) landlord borrowers.
The standard/limited company product is priced at bank base rate (BBR) plus 0.49% at 4.99% while the HMO/MUB is priced BBR plus 0.89% at 5.39%.
Product end dates are 30th April 2027, and come with early repayment charges (ERC) of 1% or 2% over the two years.
The standard and limited company products come with a free valuation, for properties valued up to £500k, while the minimum/maximum loan amount for all is £25,001/£1m, with a booking fee of £199.
Fleet Mortgages chief commercial officer Steve Cox says: “We’re very pleased […] to be launching these two-year trackers which already have attractive rates, but with the possibility of a further lowering of the rate over the time period.”
“Available across all our core product lines and for landlords seeking to purchase or remortgage, we believe these new trackers provide advisers with another layer of potential solutions for their buy-to-let clients.”
Meanwhile, Keystone Property Finance has launched a limited edition cashback offer.
The range is available on two- and five-year fixed rates across standard properties, HMOs and multi units up to six occupants/units.
The amount of cashback a landlord receives depends on the loan size:
• Loans between £50k and £125k are eligible for £250 in cashback
• Loans between £125,001 and £250k are eligible for £750 in cashback
• Loans between £250,001 and £500k are eligible for £1,250 in cashback
• Loans between £500,001 and £1m are eligible for £2,000 in cashback
• Loans between £1,000,001 and £2.5m are eligible for £3,500 in cashback
Keystone Property Finance managing director Elise Coole says: “We’re excited to unveil our limited-edition cashback offer, providing landlords with up to £3,500 back upon completion, easing the burden of upfront costs associated with buying or refinancing their portfolios.”
