Fleet Mortgages launches new lifetime tracker product range

Fleet Mortgages has today announced the launch of a whole range of new lifetime tracker products.

The new buy-to-let and specialist lender which started operating at the beginning of this year is also reducing rates across its existing mortgage portfolio.

Cuts have been made to mortgages for houses in multiple occupation (HMO) and a new lifetime tracker is available in this product range for loan-to-values of 65 and 75 per cent.

Highlights here include:

• A two-year fix at 4.09 per cent and 65 per cent LTV.
• A two-year fix at 4.29 per cent and 75 per cent LTV.
• A five-year fix at 5.29 per cent and 75 per cent LTV.
• New lifetime tracker products with pay rates from 4.01 per cent (LIBOR plus 3.45 per cent at 65 per cent LTV) and 4.56 per cent (LIBOR plus 4 per cent at 75 per cent LTV).

Completion fees on the lifetime tracker products are set at 1 per cent.

Fleet Mortgages has also reduced prices across its range of standard buy-to-let products. The new offers are:

• 2.69 per cent for two-year fixed rate at 65 per cent LTV
• 2.55 per cent for three-year tracker at 65 per cent LTV.
• 3.09 per cent for two-year fixed rate at 75 per cent LTV.
• 4.19 per cent for five-year fixed-rate at 75 per cent LTV.
• 3.05 per cent for three-year tracker at 75 per cent LTV.

Completion fees for all standard products are set at 1 per cent.

The lender has lowered rates across its limited company product range and has introduced lifetime trackers at 65 per cent, 75 per cent and 80 per cent LTV.

 The highlights in this range include:

• 3.99 per cent for two-year fixed-rate at 65 per cent LTV.
•  4.19 per cent for two-year fixed-rate at 75 per cent LTV.
• 4.89 per cent for two-year fixed-rate at 80 per cent LTV.
• New lifetime tracker products with pay rates from only 3.81 per cent (LIBOR plus 3.25 per cent at 65 per cent LTV), 4.36 per cent (LIBOR plus 3.8 per cent at 75 per cent LTV), 4.86 per cent (LIBOR plus 4.3 per cent at 80 per cent LTV).

Completion fees on the lifetime tracker products are set at 1 per cent, except for 80 per cent LTV which is 1.5 per cent.