Fleet Mortgages has announced the launch of new remortgage products with cashback options, alongside a series of rate reductions and product changes with different fee options available across its three core standard, limited company and HMO/MUFB ranges.
The lender is introducing a new range of two and five-year 75% LTV remortgage products, each of which comes with cashback between £500 and £1,000.
Pricing for the remortgage products start at 4.54%, and all are available where the borrower has owned the property for a minimum of six months.
Alongside the new remortgage range, Fleet has made rate reductions across a wide range of existing products. Cuts have been applied of up to 20 basis points to two and five-year fixed rates covering both fee-paying and zero-fee product options.
Fleet has also repriced its lifetime tracker products, reducing all rates by 25 basis points following the recent Bank Base Rate (BBR) reduction. Two-year tracker products for standard, limited company and HMO/MUFB borrowers have also been updated, with revised rates and a move from 3% percentage fees to a £1,499 fixed fee structure.
In addition to rate cuts, Fleet has expanded its range to include a new five-year fixed rate, fixed-fee product, available at 4.79% with a £4,000 fee at 75% LTV to both standard and limited company borrowers, with a maximum loan of £750,000.
Steve Cox, chief commercial officer at Fleet Mortgages, commented: “Remortgage demand remains a key part of the buy-to-let market and we know that a considerable number of mortgages will be coming up for maturity through 2026, with advisers looking at options for those landlord clients.
“We wanted to respond with products that give advisers and landlords something meaningful to consider, in terms of rates, fees and a cashback offering. The launch of this new remortgage range, all with cashback, is designed to support borrowers who are refinancing and looking to improve their position, whether that is through lower monthly costs, greater certainty or a cash benefit on completion.
“Alongside this, we have made rate reductions across our three core ranges. These changes reflect improvements in pricing conditions and allow us to pass that on to landlord borrowers. We have also repriced our tracker range following the recent BBR cut, ensuring our products remain competitive across both fixed and tracker options.
“Products with different fee structures have also been added in order to widen choice. Some landlords will focus on headline rate, others on fees or loan size, and advisers need these options that can flex around those needs. Our aim is to keep our range clear, competitive and practical, and we will continue to review pricing and products as the market develops.”
