Fleet Mortgages has announced it is to launch new seven-year fixed rates in all three of its buy-to-let (BTL) core ranges.

The specialist lender’s ranges cover standard, limited company and LLP, as well as HMO and multi-unit freehold block (MUFB) cases.

From today, advisers will have access to the new 75% LTV products, available for remortgage-only borrowers, with standard and limited company and LLP options priced at 3.29%, and HMO and MUFB priced at 3.59%.

The products are available with a minimum loan of £25,001 up to £1m and come with a rental calculation of 125% at 3.29% for standard and limited company, and 125% at 3.59% for HMO.

Fleet also confirmed that its product fees are 2% for standard and limited company with a free valuation offered for properties valued up to £500,000, and thereafter discounted. HMO product fees are 2.25%.

Fleet chief commercial officer, Steve Cox, commented: “Part of our focus at Fleet is to offer a variety of product options for landlord borrowers, including those who want to fix their monthly mortgage payments over a longer term.

“The introduction of these new seven-year fixes allows them to do just that and provides them with rate and mortgage certainty. At present we appear to have a rising interest-rate environment, so it’s not surprising to see landlords seeking longer-term fixed-rate options that allow them to mitigate this.

“We believe these mortgage options – available in all three parts of our core range – allow advisers and their landlord clients to plan for the long term.”

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