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 Change
To secure current rates, applications must be fully submitted with fees paid by 6:00pm Monday 12th September 2022.
Please find below a summary of changes:
5 year 75% rates held
- We are holding our 5 year 75% LTV Fixed Rates for now, which start from 4.95%
Three new 65% 5 Year products
- This gives us a headline rate starting at 4.85%
Three new 75% 5 Year Fleet Green products
- These are priced 10bps below the standard 75% 5 Year pricing
- These rates are only available where the subject property has an EPC Rating A, B or C
5 Year 80% LTV
- 10bps increase in the headline rate for our 5 Year 80% LTV products to 5.19%
Loyalty products
- A 90bps increase in the headline rate for our Loyalty products to 4.64%
2 Year Fixed rate products
- As a result of two-year swap rates having increased rapidly, and due to the uncompetitive price situation for this term, we are temporarily withdrawing all 2-year fixed rate products (including Loyalty Products)
End dates and product fees
- End dates will move from the end of September to the end of December
- All product fees are unchanged
This leaves us with a smaller suite of 17 products, plus 3 new Loyalty Products.