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
Product Update
Market volatility remains within us however we are pleased to advise you that we are re-launching a full range of BTL products on Tuesday 11th October. This includes five- and seven-year fixes, plus new Trackers and Green Mortgage fixed and tracker options.
Key Highlights
- Re-introduced our 65%, 75%, 80% 5-year Standard, Limited Company and HMO products
- Re-introduced 75% 7-Year Standard, Limited Company and HMO products
- Reduced Tracker rates to 1.75% + BBR for Standard and Limited Company Tracker products
- Reduced Tracker rate to 2.00% + BBR for HMO Tracker product
- Introduced 75% Green Tracker products for Standard, Ltd Company and HMO products @10 bps less than non-green counterparts (where the subject property has an EPC Rating A, B or C)
We are introducing a short ERC period on all new Trackers of 2% up to 30th June 2023.