Fleet Mortgages has launched two new products for individual landlords.
Brokers can now access both two-year fixes, both offered at 75% LTV with a rental calculation at 125% at 5%. The products available are priced at 2.69% for a maximum loan size of £200,000 and 3.39% for a maximum loan size of £750,000.
Last week Fleet Mortgages revealed that it had lent over half a billion pounds in the buy-to-let market in 2016 and had ambitions to lend in the region of a billion pounds this year.
Earlier this month, Fleet Mortgages also launched other products in its range, including three for limited company borrowers, plus it revealed it had returned to lending in the 80% LTV space.
Bob Young, CEO of Fleet Mortgages, said: “It’s important that we continue to develop our range of products for individual landlords, particularly given the growth in demand for remortgaging but also in terms of those landlords who continue to purchase in their own names.
“Earlier this month we were able to launch some highly competitive products in the limited company space and today we offer the same to individual clients of advisers. The rate is determined on the loan size and we believe these products, along with our continued focus on simplicity of criteria, pricing and underwriting, will be very appealing to a significant number of buy-to-let clients.
“In a far more complex buy-to-let environment, we believe Fleet Mortgages offers a straight-forward proposition and one that advisers can be confident in choosing.”
