Fleet Mortgages are launching a new range of products including 80% LTV options plus further enhanced criteria which will be available from Monday 13th May 2019 – As a result our current range is changing on Friday 10th May 2019 – see Key Dates below

80% LTV products – available from  13th May 2019

  • Standard – two-year 3.69% and five-year 3.99% products with a 1.25% fee and a free valuation for properties valued up to and including £500k after which discounted valuation fee will apply; two year 4.09% with a fixed £2,499 fee and five-year 4.09% with a £2,999 fee.
  • Limited company – two-year 3.69% with a 1.50% fee and five-year 4.19% products with a 1.5% fee, both with a free valuation for properties valued up to and including £500k after which discounted valuation fee will apply; two-year 4.09% and five-year 4.29%, both with a £2,999 fee.
  • HMO – two-year 4.29% and five-year 4.39% products with a 1.5% fee; two-year 4.39% and five-year 4.49%, both with a £2,999 fee.

All standard and limited company products are offered with a rental calculation of 125% at 5.5%; HMO products are offered with a rental calculation of 125% at 6.12%. All products come with stepped early repayment charges.

New Enhanced criteria including: available from  13th May 2019

  • Minimum income requirements for a borrower reduced from £25k to £15k.
  • Reducing the minimum primary applicant age from 25 to 21 years old.
  • Increasing our 65% LTV aggregate portfolio lending size by £1m from £4m to £5m.

Don’t Miss out ACT NOW – Key Dates

  • Our current product range will change on Friday 10th May 2019.
  • From 5pm on Thursday 9th May 2019, our current product range will be withdrawn. DIPS must be submitted by this deadline.
  • Where a DIP has been previously received for any product in our current range, the full mortgage application (FMAs) must be received before 5pm on Friday 10th May 2019.
  • To discuss a case, please contact your local BDM or our internal sales team on: 01252 916800.