Landlords with C rated EPC get better finance deals

Fleet Mortgages, a specialist lender focused on buy-to-let properties, has recently made several changes to its product offerings. In an effort to provide more competitive options to borrowers, the company has reduced rates across its two-year fixed-rate products and introduced a new seven-year fixed-rate product with a focus on environmentally friendly properties.

The lender has lowered rates by 20 basis points on all two-year fixed-rate products within its standard, limited company, house in multiple occupation (HMO), and multi-unit freehold block (MUFB) ranges. For standard and limited company borrowers with a loan-to-value (LTV) ratio of 75%, the two-year fixed-rate now stands at 5.29% with a 2% fee. Similarly, the HMO and MUFB two-year fix at 75% LTV is now priced at 5.39% with a 2% fee.

Additionally, Fleet Mortgages has introduced a new green seven-year fixed-rate product designed for properties with an energy performance certificate (EPC) rating of 'C' and above. The rate for this product is 4.99% at 75% LTV for standard and limited company borrowers, and 5.09% for HMO and MUFB borrowers. The fee for these seven-year options is 2%, which is a 1% reduction compared to the lender's previous non-green seven-year fixed-rate product.

In addition to these changes, Fleet Mortgages also offers a range of five-year fixes with various LTV options and a green five-year fix at 75% LTV. They also have tracker and green tracker products available up to 75% LTV.

More information about Fleet Mortgages' products can be found on their website, including their product guide and lending criteria.

Steve Cox, Chief Commercial Officer at Fleet Mortgages, expressed satisfaction with the pricing adjustments, stating that they will make affordability more achievable for landlord borrowers seeking shorter-term deals. He also highlighted the new green seven-year fixed-rate option, which provides borrowers with long-term payment certainty and the benefits of energy-efficient properties. Cox emphasized that the lender's range of fixed and tracker options caters to a wide range of landlord borrowers.

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