The interest rates on two-year fixed-rate products for fleet mortgages have been reduced by 50 basis points.
Purchase (BTL) Expert lender’s Multiple Occupancy (HMO)/MUB) range for two-year fixed interest rate (3% Fee) range is 3% (also up to 75% LTV), down from 4.99% to 4.59%.
The EPC versions of this product have also been reduced from 4.89% to 4.49%.
The fixed version of HMO/MUFB has been cut from 50bps, down from 6.29% to 5.79% at a cost of £1,999.
Under its two-year fixed standard and limited company, LTV with a maximum fee of 75% and a 3% fee, the interest rate has been reduced from 4.69% to 4.39%.
Although its two-year EPC A to C product also reduced 30bps from 4.59% to 4.29%.
The two-year fixed fee, fixed-rate product for Standard and Limited borrowers is currently priced at 4.89%, with a £400 reduction in fees and is now set at £5,499.
“We are pleased to announce some up to 50 basis points announced in our two-year two-year restoration, and we are also able to cut fixed fees for fixed fees in both limited and standard borrowers’ two-year products,” said Steve Cox, Chief Commercial Officer of Fleet Mortgage.
Meanwhile, on March 1, the market Harbourough Building Society will reduce its standard variable rate (SVR) by 0.20% to 7.79%.
The association’s reduction in SVR means its residences, and the allowance discount rate will also be reduced by 0.20%.
Residentials, including larger loans up to £5 million, BTL, Holiday Let and Expat will all benefit from the cuts, while fixed rates and bridge financing rates will not be affected.
The new rate for fixed rates will be 5.29%, the variable rate for residential grade 1 cases will be 5.64%, up to 75% LTV and product charges of £1,495.
BTL Level 1 case will also have 5.55% fixed volume and 5.90% variables, up to 75% LTV, including top-tier fragments and loans as standard retirement.
“Our commitment to brokers being the best for brokers remains as firm as ever, and we are always looking for ways to make it easier for brokers to impose cases,” said Iain Smith, head of mortgage distribution at Market Harborough.
“These latest reductions will allow our professional loan solutions to customers who want flexibility, including our lifetime discount range.”
