Both products are available up to 75% loan-to-value (LTV).
Fleet Mortgages has brought back two 5-year fixed-rate house in multiple occupation (HMO) and multi-unit freehold block (MUFB) product options.
Both products are available up to 75% loan-to-value (LTV).
Landlords can choose between a zero-fee option at 6.09% or a fixed-fee option of £1,499 at 5.99% for loans up to £750,000.
Both options are open for house purchase or remortgage and come with £1,000 cashback on completion.
Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “We continue to see landlords looking closely at how they can secure stronger rental yields, particularly given the higher costs that now come with owning and financing buy-to-let property, and HMOs and MUFBs can clearly play an important role here.
“These are property types that can offer landlords greater income potential and provide further diversification within portfolios, so it’s important advisers have access to a broad range of finance options for clients who are either purchasing or refinancing in these areas.
“The reintroduction of these five-year, fixed-rate options adds further choice for HMO and MUFB borrowers, including different fee structures to suit individual circumstances, while the £1,000 cashback will also help with some of the costs involved in completing a transaction.”
Cox added: “Alongside the criteria changes we have made throughout this year, we want to ensure our proposition reflects the way landlords are operating today and gives advisers more ways to support clients as they assess their existing portfolios and consider where the next opportunities might lie.”