Here is the latest update from Fleet Mortgages. For details see their latest product guide. Their Lending Criteria Guide is available here. Remember, you can access these products through our direct to lender mortgage club to get the benefits of payment on completion as well access their mortgages through our fees free packager team. Register with Fleet here
Green £1000 Cashback Product Feature
At Fleet we are committed to supporting the UK’s transition to a more sustainable future, and to improving the energy efficiency of the country’s private rental sector properties, with the obvious benefits this will provide, particularly for tenants.
We’re excited to announce a new limited edition product feature which will reward landlord borrowers with a £1,000 cashback payment if they improve the Energy Performance Certificate (EPC) level of the property to a C or above during the course of the initial fixed rate period.
The cashback will be available on Fleet’s five- and seven-year fixed-rate products, excluding Green options, which complete from 1st July 2023.
Key Highlights
- The new cashback feature will support landlord borrowers as they seek to improve the EPC of those properties not yet at EPC A-C
- The feature will help landlords to meet the probable forthcoming EPC requirements
- Customers will receive a £1,000 cash payment direct if their property is rated D or E at the point of completion, and during their initial Fixed Rate Period upgrade the property to an EPC Rating of C or above*
We believe this new feature will motivate landlords to make the necessary improvements to their properties to facilitate a greener future for everyone, with a contribution from Fleet against the costs of completing those works.
*The EPC Register must be updated on the Government Website https://www.gov.uk/find-energy-certificate for the customer to receive their payment.
Temporary withdrawal of Tracker products
Good afternoon. I’m writing to let you know that following this afternoon’s increase in the Bank of England BBR to 5.00%, we will temporarily remove our standard Tracker products as well as our Green Tracker products this evening while we build new products.
The following Tracker products will be withdrawn this evening:
- BTL00474
- BTL0473G
- LTD00430
- LTD0429G
- HMO00298
- HMO0297G
Replacement standard Tracker products and Green Tracker products will be available early next week so we will share details with you as soon as these are finalised.