The buy-to-let lender has launched a zero fee option at 6.09% and a £1,499 fixed fee product at 5.99%.
The fixed fee option has a maximum loan size of £750,000.
Both products are available for HMO and MUFB purchases and remortgages and include £1,000 cashback on completion.
The launch follows a series of criteria changes from Fleet in July, including consideration of joint applications involving foreign nationals and the acceptance of company group structures registered anywhere in the UK.
Earlier this year, the lender also removed its minimum income requirement and reduced the trading history required for self employed applicants and contractors from two years to one full tax year.
Other changes included extending its 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.”
