Not all buy to let lenders are affected by the PRA’s new rules

Some buy to let lenders, like Fleet Mortgages, are able to offer the same products, criteria and processes because they’re a relatively new lender and do not currently fall under the jurisdiction of the Prudential Regulation Authority.

This means …

Rental calculation on standard buy to let mortgages remains at 125% @ 5% with fixed interest rates starting at 2.59% (max loan of £200k, higher loan sizes available on other standard buy to let mortgage products).

Rental calculation on limited company buy to let mortgages remains at 125% @ 5% with fixed interest rates starting at 3.29%.

Rental calculation on HMO and MUB buy to let mortgages remains at 125% @ 5.53% with fixed interest rates starting at 3.39%. Or rental calculation 125% @ 5% on lifetime tracker products.

Plus, they won’t stress the customer’s entire portfolio.

Launched today …

Limited company completion fee reduced to 1.25%, previously 1.50%.

HMO and MUB completion fee reduced to 1.50%, previously 2.00%.

Fleet Mortgages offer …

A wide range of fixed and tracker products for landlords with small and large portfolios.

LTVs up to 75% for loans up to £750k/ LTVs up to 70% for loans up to £1m.

Flats acceptable in blocks with up to 5 storeys (up to 10 storeys are acceptable within the M25).

Up to 70% LTV on new build flats. Up to 75% LTV on new build houses.

Ingard Members’ have direct access to Fleet Mortgages’ products.

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Here to help

For help placing a case with Fleet Mortgages, contact our Specialist Lending & Protection Team:
call us on 01702 538 800 or request a call back.