Fleet Mortgages, the buy‑to‑let specialist lender, has today (11th November 2026) announced a 20 basis point (bps) reduction across all five-year fixed-rate products with either a 3% or 5% product fee.
The reductions apply to products across all Fleet ranges covering Standard, Limited Company and HMO/MUFB, with all products available up to 75% LTV.
Within Fleet's recently-launched new five-year fixed-rate range with 5% product fees, the Standard and Limited Company products have been reduced from 5.24% to 5.04%, while the HMO/MUFB product has been cut from 5.49% to 5.29%.
The Standard and Limited Company products come with a free valuation on properties valued up to £500k, while the HMO/MUFB product includes £1,000 cashback.
Fleet has also reduced rates by 20bps across all of its five-year fixed-rate products with 3% fees, including those available for properties with Energy Performance Certificate (EPC) ratings of A to C.
The revised pricing for the 3% fee products include:
- Standard and Limited Company products reduced from 5.64% to 5.44%.
- Standard and Limited Company EPC A-C products reduced from 5.54% to 5.34%.
- HMO products reduced from 5.89% to 5.69%.
- HMO EPC A-C products reduced from 5.79% to 5.59%.
Fleet said the combination of lower rates across different product fee options would give advisers greater flexibility when assessing borrowing requirements, particularly for landlords refinancing existing properties or looking to raise capital for further investment.
The lower headline rates available through the 5% fee products may also help landlords meet interest coverage ratio requirements where rental income and affordability calculations might otherwise restrict the amount landlords can borrow.
Steve Cox, Chief Commercial Officer at Fleet Mortgages, commented:
“Rates have been on everyone’s mind in recent weeks and months, particularly given last week’s decision to increase Bank Base Rate (BBR). However, as we know, product pricing doesn’t have to follow BBR trends and it is clearly positive for us to be able to announcing rate cuts today.
“We introduced our new five-year fixed-rate products with 5% fees only last week, and being able to reduce pricing across both these and our existing 3% fee range so quickly is welcome news.
“While interest rates and funding costs continue to be subject to change, we are always looking for opportunities to improve our pricing where possible, and these reductions demonstrate our commitment to passing on those improvements to borrowers.
“Affordability remains a significant consideration across the buy-to-let market, particularly for landlords coming to the end of existing mortgage deals who may be refinancing at higher rates than they have previously experienced.
“These reductions give advisers more options when working through those considerations with their clients, and we will continue to review our product range and pricing to ensure we are supporting the needs of both existing and prospective landlord borrowers.”
