Fleet Mortgages has reintroduced its 80% loan-to-value (LTV) buy-to-let range. This development caters to property investors’ evolving needs. The relaunch reflects growing demand within the UK’s competitive buy-to-let market.
This refreshed product highlights Fleet Mortgages’ commitment to offering flexible and accessible financing options. Property investors often require tailored solutions to navigate the challenges of a shifting market. With this range, landlords gain more opportunities to secure investment properties and expand their portfolios.
Moreover, the 80% LTV range demonstrates an understanding of the financial pressures landlords face. Offering competitive terms, Fleet Mortgages supports landlords in maintaining profitability in a fluctuating rental market. As the demand for buy-to-let properties remains robust, this product positions investors for long-term success.
By reintroducing this product, Fleet Mortgages reaffirms its dedication to the buy-to-let sector’s growth. These financing solutions enable landlords to adapt to market changes while effectively meeting tenant demand. Consequently, this move reinforces Fleet Mortgages’ standing as a trusted provider in the UK mortgage market.
The timing of this relaunch is significant. Rising property demand makes flexible financing crucial for investors looking to remain competitive. Therefore, this 80% LTV product addresses market needs and empowers landlords to thrive in an ever-changing environment.
Fleet Mortgages relaunches 80% LTV
The Specialist lender, Fleet Mortgages, has resumed offering 80% LTV buy-to-let products in two key lending areas: standard buy-to-let mortgages and limited company/LLP mortgages.
The two-year fixed rate for both borrower types is 3.89%. Meanwhile, the five-year fixed rate is 4.15%. Both options come with a 2% arrangement fee. These competitive rates cater to investors looking to expand their portfolios or refinance existing properties.
For two-year fixed products, the rental calculation is set at 125% of the monthly interest at a rate of 5.5%. In contrast, five-year fixed products are pay-rate options with a rental calculation of 125% at the actual pay rate. Borrowers can benefit from free or discounted valuation services when selecting these 80% LTV products.
Additionally, Fleet Mortgages offers lending options for landlords purchasing or remortgaging HMOs and multi-unit blocks. These products are available at 65% and 75% LTV. The two-year fixed pricing starts at 3.24%, while the five-year fixed rates begin at 3.43%. These products are designed to meet the needs of landlords managing more complex property portfolios.
Fleet’s decision to reintroduce 80% LTV products follows a broader relaunch of its mortgage range at the end of October. This relaunch featured price reductions across various products, signalling a strong commitment to supporting landlords. Transitioning to higher LTV products reflects the lender’s confidence in the market and aligns with the growing demand for competitive buy-to-let mortgages.
Steve Cox
Steve Cox, chief commercial officer at Fleet Mortgages, commented: “Last week, we launched our first new product range. Our parent, Starling Bank, fully funds it. This week, we are adding 80% LTV products to our offering. Mortgages are available in our standard, limited company, and LLP ranges.
Why join Connect Mortgage Network?
In the UK mortgage market, Connect is key in advancing mortgage expertise within its network. This is particularly evident in the buy-to-let sector. Our commitment extends beyond standard mortgage offerings, as we focus on specialised solutions tailored to investors’ diverse needs in this range.
Moreover, these unique financial products enable advisors to explore buy-to-let property investment market opportunities with their clients. Doing so highlights the importance of understanding products and eligibility criteria in partnership with Fleet Mortgages.
To further enhance our expertise, we offer a lender digital learning programme. This program allows participants to earn Continuous Professional Development (CPD) credits focusing on buy-to-let mortgages.
Through these efforts, our advisors deliver top-quality service to their clients. This ensures they comprehensively understand the opportunities and challenges in the buy-to-let sector.
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