Specialist lender Fleet Mortgages and BTL has announced that it is now actively accepting business through its distributor partners and their affiliated members and advisers.
Currently the lenders products are currently available through The Business Mortgage company , legal &General Mortgage club, Mortgages for Business, The Buy to Let business, Mortgages for Business, the Mortgage trading Centre , Professional & Commercial and Solent Mortgage services.
Fleet Mortgages are opening out its distribution to the rest of the adviser market late 2015
Product range highlights include:
- A two year fixed rate 65% LTV individual buy-to-let product price at 2.79%
- Individual buy-to-let tracker options for three years at 65% LTV -2.85%; 75% LTV -3.35%; and 80% LTV- 4.75%
- Two year limited company fixed rate buy-to-let products priced at 4.39% (65%LTV), 4.59 %( 70%LTV), and 5.29% (80%LTV). Three year trackers rates priced at 4.55% (65%LTV), 4.75% (70%LTV), and 5.25% (80% LTV).
- Two year Fixed rate HMO buy-to-let products priced at 5.29% (65%LTV) and 5.39% (75% LTV)
“ This is a momentous day for the Fleet Mortgages” said by Bob Young , Chief Executive Officer of Fleet Mortgages he went on to say team and all our stakeholders as we open our lending doors and begin to accept business through our distribution partners. We have brought this lender to market in record time and are lending at what is a extremely exciting time for this fast growing and developing but-to-let market. We focus our products on areas which are currently underserved, particularly in the limited company and HMO market; we truly believe this range should particularly appeal to our target customers and experienced landlords
If it wasn’t for our support from our partners in all areas of business we would have not got to this point so quickly, plus the hard work of everyone in the Fleet mortgages team. Our focus now moves for pre-launch to active lending and we are aiming to deliver a very high quality of service which will be ensuring open communication and transparency between ourselves and advisers. This is a long term project and we are looking forward working with the buy-to-let advisory community in order to develop a proposition which meets their needs their needs and those of their clients.”
Andy Young, CEO at The Business Mortgage Company (TBMC), said “I am Delighted that fleet Mortgages has chosen TBMC as one of its distribution partners from launch. Fleet Mortgages has a compelling proposition in the buy-to-let mortgage market and I am sure Bob Young and his management team will grow a very successful business”