Fleet Mortgages has updated its product range. These new products are effective from Tuesday 13th September.
Please find below a summary of the changes:
5-year 75% rates held
- They are holding their 5-year 75% LTV Fixed Rates for now, which start from 4.95%
Three new 65% 5 Year products
- This gives them a headline rate starting at 4.85%
Three new 75% 5 Year Fleet Green products
- These are priced 10bps below the standard 75% 5 Year pricing
- These rates are only available where the subject property has an EPC Rating A, B or C
5 Year 80% LTV
- 10bps increase in the headline rate for their 5 Year 80% LTV products to 5.19%
Loyalty products
- A 90bps increase in the headline rate for their Loyalty products to 4.64%
2 Year Fixed rate products
- As a result of two-year swap rates having increased rapidly, and due to the uncompetitive price situation for this term, Fleet Mortgages is temporarily withdrawing all 2-year fixed rate products (including Loyalty Products)
End dates and product fees
- End dates will move from the end of September to the end of December
- All product fees are unchanged
This leaves them with a smaller suite of 17 products, plus 3 new Loyalty Products.
Please see attached updated product guide for reference.
