New Specialist BTL Lender Provides More Choice

Newly launched specialist BTL lender, Fleet Mortgages, provides more choice for experienced landlords. Experienced landlords that have used up all their life lines with certain lenders can now expand their property portfolio with Fleet Mortgages.

Fleet Mortgages will lend on HMOs and to limited companies/special purpose vehicles (SPV)—a welcome relief, as we have been starved of variety in this niche area of the market.

And they have set their stall out by producing a mortgage offer within 10 working days of receiving the mortgage application. Impressive  You could say that no one has heard of them and they are clearly not busy. However, let’s give credit where it’s due: Well done! We will monitor service levels in the summer and at the end of the year.

They currently offer a 75% LTV, 2 year fixed rate, 3.29% with a 1% arrangement fee. After two years, it reverts to 5.06% (LIBOR + 4.50%). Please note that lenders pull and change their rates at short notice.

Fleet Mortgage products are only available through a selected panel of specialist mortgage brokers. Has your broker spoken to you about Fleet Mortgages?

Mortgageintellectual.com is not recommending that you invest in any specific property. You must conduct your own due diligence before investing in property. Property prices can rise and fall in value and past performance of the UK property market is no guarantee to future performance.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The Financial Conduct Authority does not regulate most types of buy to let mortgages, bridging loans and commercial loans.