Fleet Mortgages has reintroduced its EPC A-C mortgage range and reduced rates across its wider buy-to-let product offering.
Fleet Mortgages has reintroduced its Energy Performance Certificate (EPC) A-C fixed-rate mortgage products for landlords purchasing or remortgaging properties with EPC ratings between A and C, while also reducing rates across parts of its wider buy-to-let range.
The lender has relaunched both 2-year and 5-year fixed-rate EPC A-C products at up to 75% loan-to-value (LTV) with a 3% fee. The standard and limited company 2-year fixed-rate product is available at 4.39%, while the equivalent 5-year fixed-rate product is priced at 5.04%. For houses in multiple occupation (HMOs), the 2-year fixed-rate product is available at 4.69% and the 5-year fixed-rate product at 5.29%.
Fleet said all EPC A-C products are priced 0.10% below equivalent standard, limited company and HMO products carrying a 3% fee. The lender added that both its EPC A-C range and £1,000 Green Cashback initiative have now achieved alignment with the Green Home Finance Principles, an industry framework designed to support the financing of energy-efficient properties and improvements.
Alongside the relaunch, Fleet has reduced rates by 0.10% across its existing standard, limited company and HMO 5-year fixed-rate products up to 75% LTV. Standard and limited company products are now available at 5.14%, while the HMO equivalent is priced at 5.39%.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “The reintroduction of our EPC A-C products provides advisers and landlord borrowers with a clear pricing benefit when financing properties which already meet higher energy-efficiency standards.
“At the same time, we have reduced rates across our wider five-year fixed-rate range in order to ensure advisers continue to have access to competitive options for their landlord clients.
“We know many landlords are focused on improving the quality and energy-efficiency of their portfolios, in order to meet their future responsibilities and targets in this area. That can be purchasing properties which have already achieved higher EPC ratings or investing in improvements to existing stock within portfolios. Our proposition supports both approaches.
“We are also pleased that both our EPC A-C products and Green Cashback initiative have achieved accreditation under the Green Home Finance Principles. This provides further recognition of our commitment to supporting landlords who are investing in energy-efficient properties and making improvements which can deliver long-term benefits for their tenants.”