Buy-to-let (BTL) specialist lender, Fleet Mortgages, has launched new five-year fixed rate mortgages which will be available across its three core product ranges that include standard, limited company and HMO/multi-unit block offerings. The five-year fixed rates are available at 5.69% for standard and limited company borrowers and at 5.89% for HMO and multi-unit block borrowers, and come with a 5% fee. Fleet stated that the products are the latest in a line of lower rate, higher fee options for landlord borrowers to help them meet the affordability requirements that come with a higher rate environment.

Landbay has strengthened its like-for-like remortgage range by adding three new two-year tracker products. These new products are suitable for landlords remortgaging with no change to their borrowing requirements and will be stress tested at a lower interest cover ratio (ICR) of pay rate plus 1%. The specialist BTL lender has also reduced rates on its existing standard, small HMO and small MUFB two-year trackers by up to 0.18%. That’s in addition to three new loyalty remortgage two-year tracker products.

Specialist lender, Vida Homeloans, has introduced a new packager proposition designed for its key partners. The lender’s ‘Premier Packager Club’ will offer a bespoke proposition including a new packager exclusive credit tier and a dedicated page on its website. Vida also stated that as well as well as direct access to underwriters through its V-Hub and the Vida Service Pledge that applies to all intermediary partners and applications, its Premier Packager Club will deliver exclusive service with a dedicated packager support team and clear escalation route for support with challenging cases.

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