Fleet Mortgages has cut buy-to-let rates across its standard, limited company and HMO ranges, with its cheapest two-year 75 percent loan-to-value deal for EPC A-C properties now priced at 4.09 percent and a new zero-fee option launched at 5.74 percent.
The lender said the changes took effect on 26 June and cover both purchase and remortgage business. Alongside the headline rate cuts, Fleet has also reduced product fees on selected five-year fixes and added new HMO and multi-unit freehold block options, giving landlords more routes to balance upfront cost against monthly pricing.
For landlords, the timing matters because pricing competition is starting to widen again just as refinancing decisions are coming back into focus. The mix of lower rates, lower fees and new specialist options points to a market where lenders are still chasing business, but are doing it more carefully across distinct borrower types rather than through blanket cuts.
Cheaper two-year and five-year Fleet deals
Within Fleet’s standard and limited company ranges, two-year 75 percent LTV fixes with a 3 percent fee have been cut by 30 basis points. That takes the core product to 4.19 percent and the EPC A-C variant to 4.09 percent. A new two-year zero-fee product at the same LTV has also been added at 5.74 percent.
On five-year fixes, Fleet cut its 3 percent fee products by 10 basis points to 4.94 percent, with the EPC A-C version reduced to 4.84 percent. It also cut its fixed-fee five-year product by 20 basis points to 5.39 percent and reduced the fee from £3,999 to £1,499.
That matters for different reasons depending on the landlord’s next move. A landlord focused on keeping the rate as low as possible may still favour the percentage-fee options, while a borrower trying to preserve cash during a remortgage may look harder at the new or cheaper fixed-fee products. Recent buy-to-let lending figures from the Bank of England also show a market still looking for direction, which helps explain why lenders are trimming pricing where they think demand is there.
HMO and limited company pricing stays in focus
Fleet has also added two new two-year HMO and MUFB fixes up to 75 percent LTV, including a zero-fee option at 6.15 percent and a £1,499 fixed-fee product at 5.69 percent. Across its five-year HMO and MUFB range, the zero-fee mortgage has been cut by 15 basis points to 5.99 percent, while the fixed-fee option is down 10 basis points to 5.69 percent and now carries a £2,499 fee instead of £3,999.
The lender also reduced rates on five-year HMO and MUFB products with a 3 percent fee to 5.19 percent, with the EPC A-C version down to 5.09 percent. All products are available for purchase and remortgage, with selected fixed-fee products available up to £750,000.
This follows Landlord Knowledge’s report on a growing remortgage rush, which pointed to landlords reviewing finance options earlier as market delays and refinancing pressure build. Fleet’s latest repricing fits that pattern, but also shows lenders are getting more precise about where they compete – especially around limited company borrowing, greener stock and more complex HMO cases.
There is also a practical warning in the numbers. The cheapest headline rate will not suit every case once fees are counted in, particularly for smaller loans or shorter holding periods. Landlords comparing deals should test the all-in cost rather than assume the lowest listed rate is the cheapest outcome. Fleet set out the full changes in its 26 June product update.
What this means for landlords
- If you’re remortgaging this summer: compare fee-heavy and zero-fee options side by side, because Fleet has moved both parts of the pricing equation.
- If you hold HMOs or MUFBs: specialist pricing has shifted as well, not just vanilla buy-to-let deals, so complex-property borrowers may have more room to shop around.
- Watch for: more lenders using EPC-linked and limited company pricing to target specific landlord segments rather than cutting across whole ranges.
- Bottom line: lower rates matter, but the real gain may come from matching the right fee structure to the property and loan size.
Editor’s view
Fleet’s move is a useful reminder that the landlord mortgage market is not just easing on price – it is splitting into more tailored pockets. For experienced investors, that creates opportunity, but only if they compare structure as carefully as rate.
Author: Editorial Team – UK landlord & buy-to-let news, policy, and finance
Published: 29 June 2026
Sources: Fleet Mortgages
Related reading: GB Bank adds new core buy-to-let range to Xplan Mortgage
