Fleet Mortgages has announced it is returning to 80% LTV lending across its standard and limited company buy-to-let (BTL) ranges.

The BTL specialist lender’s 80% two-year fix for standard and limited company borrowers is priced at 3.89% and comes with a 2% fee, while the five-year fix is priced at 4.15%, also with a 2% fee.

All two-year fixes come with a rental calculation of 125% at 5.5%, while five-year fixes are payrate products with a rental calculation of 125% at the pay rate. The lender’s 80% LTV products includes either a free or discounted valuation.

Fleet is also offering products for landlords seeking to purchase or remortgage HMOs and multi-unit blocks – available at both 65% and 75% LTV, with two-year pricing starting at 3.24% and five-year at 3.43%

The return to 80% LTV lending comes after the lender relaunched its product range at the end of October with price reductions across the board.

Fleet chief commercial officer, Steve Cox, commented: “Last week we were able to launch our first new product range fully funded by our parent, Starling Bank. This week we are adding 80% LTV products back into our offering, with mortgages available in both our standard, and limited company and LLP ranges.

“The new products have already received an excellent response and we’re confident that moving back into the 80% LTV space also provides advisers with a number of new options suitable for their landlord clients.”

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