Fleet Mortgages has today (25th June 2025) announced a reduction in pricing across a number of its five-year, fixed-rate products, at all LTV levels.
For standard and limited company, it has cut its five-year fixes at 55% LTV. The 3% fee product has been cut to 4.59% from 4.64%, and the £999 fixed-fee product has been cut to 5.14% from 5.19%.
Fleet has also introduced a £1,000 cashback offer on its 55% LTV products to support landlord borrowers in covering their upfront transactional costs.
The 65% LTV zero-fee five-year fix has also been cut to 5.24% from 5.34%, and the 75% LTV equivalent has been cut to 5.34% from 5.44%.
Fleet has also announced 10 basis points (bps) reductions for both 65% and 75% LTV products with both percentage and fixed-fee options.
It has cut its fixed-fee (£3,999) five-year 65% LTV product to 4.99%, down from 5.09%, and the 75% LTV version of this product has also been cut to 5.09%, down from 5.19%. Both products come with a maximum loan size of £750k.
It has also cut both its 3% fee options at 75% LTV by 10 bps to 4.64% - only available to those purchasing or remortgaging a property with an EPC of A-C - and 4.74% for non-EPC A-C properties.
Fleet has also cut its 75% LTV HMO/multi-unit block five-year fixed-rate product by 15 bps, to 5.39% from 5.54%. This product comes with a £3,999 fixed fee, £1,000 cashback and also has a maximum loan size of £750k.
These rate changes follow the launch of new two-year fixed-rate products, including both fixed and zero fee options, plus further rate cuts to its two-year fixed-rates earlier this month.
Steve Cox, Chief Commercial Officer at Fleet Mortgages, commented:
“Two weeks ago, we were able to launch new two-year fixes plus reduce rates on our existing two-year fixes, so it’s pleasing to be able to back this up with price cuts to both standard and limited company five-year fixes across a number of LTV levels, plus a 15 bps cut to one of our HMO/MUB five-year fixes.
“As we know, a longer fix such as this can be appealing to landlord borrowers for any number of reasons, not least the payment certainty over a longer term, but also the ability to secure larger mortgages if the affordability/rental criteria is met.
“It’s positive to see the direction of ‘rate travel’ continuing to be downwards, as it means we can provide advisers and their landlord clients with greater value and flexibility. We’re also able to help with the upfront costs for those landlords borrowers at lower LTVs with the introduction of £1,000 cashback on all our 55% LTV products.
“We’ll continue to support our intermediary partners with a competitive product and criteria offering in order to help them deliver positive outcomes for their buy-to-let clients.”
