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Fleet launches new products for individual landlords
Buy-to-let lender Fleet Mortgages has launched two new products for individual landlords.
From today (31st January 2017), advisers will have access to both two-year, fixed rate mortgages at 75% loan-to-value with a rental calculation of 125% at 5%.
The products will be available at 2.69% for a maximum loan size of £200,000 and 3.39% for a maximum loan size of £750,000.
Bob Young, chief executive officer of Fleet Mortgages, said: “It’s important that we continue to develop our range of products for individual landlords, particularly given the growth in demand for remortgaging, but also in terms of those landlords who continue to purchase in their own names.
“Earlier this month, we were able to launch some highly competitive products in the limited company space and today we offer the same to individual clients of advisers.
“The rate is determined on the loan size and we believe these products – along with our continued focus on simplicity of criteria, pricing and underwriting – will be very appealing to a significant number of buy-to-let clients.”
Last week, Fleet Mortgages announced that it had lent over £500m and aimed to lend around £1bn in the buy-to-let sector in 2017.
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