Fleet Mortgages, the buy‑to‑let specialist lender, has today (19th August 2026) announced the reintroduction of two five-year fixed-rate HMO and Multi-Unit Freehold Block (MUFB) product options.
Available from today, the new products are available up to 75% LTV and come with both a zero-fee or fixed-fee option. The zero-fee product is available at a rate of 6.09%, while the £1,499 fixed-fee product is available at 5.99% up to a maximum loan level of £750k.
The products are available for both HMO or MUFB house purchase or remortgage, and come with a cashback of £1,000 on completion.
Fleet said the new products broadened the array of finance solutions to landlord borrowers who are increasingly looking at HMOs/MUFBs to benefit from the higher rental yields they can often deliver.
These products follow Fleet’s announcement in July of a series of criteria enhancements, including the consideration of joint applications involving foreign nationals; and the acceptance of company group structures registered anywhere in the UK.
Earlier this year Fleet introduced a raft of criteria changes including the removal of its minimum income requirement, reducing the trading history needed for self-employed applicants and contractors from two years to one full tax year, extending the maximum mortgage term from 30 to 35 years, increasing the maximum LTV on new-build flats to 75% and removing height restrictions on blocks of flats.
Steve Cox, Chief Commercial Officer at Fleet Mortgages, commented:
“We continue to see landlords looking closely at how they can secure stronger rental yields, particularly given the higher costs that now come with owning and financing buy-to-let property, and HMOs and MUFBs can clearly play an important role here. These are property types that can offer landlords greater income potential and provide further diversification within portfolios, so it’s important advisers have access to a broad range of finance options for clients who are either purchasing or refinancing in these areas.
“The reintroduction of these five-year, fixed-rate options adds further choice for HMO and MUFB borrowers, including different fee structures to suit individual circumstances, while the £1,000 cashback will also help with some of the costs involved in completing a transaction. Alongside the criteria changes we have made throughout this year, we want to ensure our proposition reflects the way landlords are operating today and gives advisers more ways to support clients as they assess their existing portfolios and consider where the next opportunities might lie.”
