Fleet Mortgages has applied a series of 15 basis point cuts to its range of standard and limited company five-year fixed rate products.
The deals subject to the rate cuts are a 65% loan-to-value (LTV) zero-fee fixed rate, which is down from 5.64% to 5.49%, while the 75% LTV zero-fee deal has been reduced from 5.74% to 5.59%.
The lender’s 65% LTV £3,999 fee five-year fix has been reduced from 5.39% to 5.24%, and the equivalent 75% LTV deal has been reduced from 5.49% to 5.34%.
All deals come with a free valuation for properties up to £500,000, while there is a maximum loan of £750,000 on the fixed-fee products.
The five-year fixed rate cuts follow similar cuts for Fleet’s two-year fixed rate products at the end of February and the launch of new two-year trackers earlier in the month.
Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “There has been a recent shifting in the markets and, coupled with the strength of our funding, we have been able to make not just these cuts to our standard and limited company five-year fixes, but last week to our two-year fixes as well.
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“We know that many landlord borrowers continue to value mortgage payment certainty for a long period, and these rate cuts should appeal to them, and to help them meet affordability in order to get the size of the loans they require.”
