"Advisers will note that we are offering one of these products at pay rate 125% at 4%, while the rest are offered with a rental calculation of 125% at 5%."
The three new products are available up to 65% LTV and include:
- A pay rate lifetime tracker at 4% - rent is calculated at 125% at 4%
- A two-year fix at 3.40% - rent is calculated at 125% at 5%
- A five-year fix at 3.79% with rent again calculated at 125% at 5%
Bob Young, Chief Executive Officer of Fleet Mortgages, commented: “With just a few weeks left until we see some significant changes to the buy-to-let market for many lenders, it is vitally important that advisers look at all the available options for those clients who are going to be impacted by this. To that end, and given the increasing popularity of limited company buy-to-let, we have launched three new products in our range for borrowers utilising the advantages of a corporate structure.
“Advisers will note that we are offering one of these products at pay rate 125% at 4%, while the rest are offered with a rental calculation of 125% at 5%. Given the move in rental stress testing in much of the market we believe these products should be incredibly attractive right now, plus they come at highly competitive rates. This should give advisers every incentive to discuss these products and their buy-to-let clients’ wider options in light of what is coming over the horizon for much of the sector.”
