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|Fleet Mortgages launch two new products for individual landlords|
|Tuesday, 31 January 2017|
Last week Fleet Mortgages announced that it had lent over half a billion pounds in the buy-to-let market in 2016 and had ambitions to lend in the region of a billion pounds this year.
Earlier this month, Fleet Mortgages also launched other products in its range, including three for limited company borrowers, plus it revealed it had returned to lending in the 80% LTV space.
Fleet Mortgages is an intermediary-only, buy-to-let lender and its products are available to individuals, limited companies and those looking to invest in Houses in Multiple Occupation (HMO)/Multi-units.
Bob Young, Chief Executive Officer of Fleet Mortgages, commented: “It’s important that we continue to develop our range of products for individual landlords, particularly given the growth in demand for remortgaging but also in terms of those landlords who continue to purchase in their own names. Earlier this month we were able to launch some highly competitive products in the limited company space and today we offer the same to individual clients of advisers. The rate is determined on the loan size and we believe these products, along with our continued focus on simplicity of criteria, pricing and underwriting, will be very appealing to a significant number of buy-to-let clients. In a far more complex buy-to-let environment, we believe Fleet Mortgages offers a straight-forward proposition and one that advisers can be confident in choosing.”
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