Fleet reintroduces zero fee and fixed-fee HMO/MUFB product options – Mortgage Strategy
Fleet Mortgages has reintroduced two five-year fixed rate HMO and multi-unit freehold block (MUFB) product options.
The new products are available up to 75% loan-to-value (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 £750,000.
The products are available for both HMO or MUFB house purchase or remortgage, and come with a cashback of £1,000 on completion.
Fleet Mortgages chief commercial officer Steve Cox says: “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.”
