Fleet Mortgages has revealed three new limited company products for people looking to use corporate structures to purchase or remortgage.

The buy-to-let lender’s new products include:

•    A pay rate lifetime tracker at 4% – rent is calculated at 125% at 4%.
•    A two-year fix at 3.4% – rent is calculated at 125% at 5%.
•    A five-year fix at 3.79% with rent again calculated at 125% at 5%.

These products will be offered alongside the full Fleet Mortgages product offering with no changes to the existing range. 

The lender wants advisers to be proactive with regards to the new underwriting changes for buy-to-let lenders which come into force in the new year.

Bob Young, CEO of Fleet Mortgages, said that with just a few weeks left until the changes, it was important that advisers looked at all the available options for those clients who will be impacted. 

“To that end, and given the increasing popularity of limited company buy-to-let, we have launched three new products in our range for borrowers utilising the advantages of a corporate structure. 

“Advisers will note that we are offering one of these products at pay rate 125% at 4%, while the rest are offered with a rental calculation of 125% at 5%.” 

Bob added that given the move in rental stress testing in much of the market, he believed these products should be incredibly attractive right now, and added that they came at highly competitive rates. 

“This should give advisers every incentive to discuss these products and their buy-to-let clients’ wider options in light of what is coming over the horizon for much of the sector.”