Fleet Mortgages has launched three new 75% loan-to-value 2-year tracker products across its Standard, Limited Company and HMO/MUFB buy-to-let ranges.
The Standard and Limited Company trackers are priced at Bank Base Rate plus 0.75%, with a current rate of 4.5%, while the HMO/MUFB product is available at BBR plus 1.4%, equating to 5.15%.
All three products come with a 2% completion fee, with a minimum of £750, and include a free valuation up to £500k on the Standard and Limited Company options.
The products have no early repayment charges, reverting to BBR plus 3% at the end of the term, which runs until 31st October 2028, with Fleet saying the range is designed to provide flexibility for landlords in the current rate environment.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “These new two-year tracker products have been designed to provide landlords with maximum flexibility at a time when many are looking to keep their options open.
“By removing ERCs, we are allowing borrowers to benefit from a competitive tracker rate today, while retaining the ability to switch products as market conditions evolve.
“We know advisers are working closely with landlord clients to navigate an uncertain rate environment, and these products offer a straightforward solution for those who may not want to commit to a longer-term, fixed-rate at this stage.
“As always, our focus is on delivering a broad and adaptable product range that supports advisers in meeting a wide variety of their landlord clients’ needs.”