Fleet Mortgages
Fleet Mortgages

Fleet Mortgages

Fleet Mortgages is a Buy to Let and specialist lender based in Fleet, Hampshire. Lending exclusively through the intermediary sector, we offer Buy to Let mortgages for residential landlords as well as limited companies and those seeking finance for Houses in Multiple Occupation (HMOs).

Every family, whatever shape or size, is different. Whether it’s helping first time

Key Features Video

Proc Fees

Product Gross
All 0.45%
Product Type When does the lender pay PMS? Frequency
All Within 14 days. Daily.

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


Key Features

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    Portfolio Landlords Unlimited background portfolios - No stress test on the background portfolio

     
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    Simple Rental Calculations (including higher rate taxpayers)

     
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    Capital Raising (including for business purposes)

     
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    Shared Accommodation (standard houses) Rent calculated per room, multi ASTs accepted, locks on bedroom doors, must have a communal room (on Standard & Limited product range)

     

Overview

Post Code Restrictions: Lender-InfoBoxWhite

England and Wales only.

Register Lender-InfoBoxWhite

Register to place business with Fleet Mortgages:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Register

Individual BTL

  • Experienced and first time landlords
  • Non-HMO shared accommodation

Ltd Co BTL

  • Experienced and first time landlords
  • Special Purpose Vehicle Ltd Co (SPV) new and existing
  • SPV not lender specific
  • Personal Guarantees required
  • Sale to Ltd Co from individual

HMO BTL

  • Ownership of BTL property for 2 years
  • Room by room rental assessment
  • Up to 10 self-contained units on a single freehold
  • Up to 6 bedrooms
  • Minimum valuation £100,000 outside London and South East regions, or £150,000 within London and South East regions

Applicant

  • Unlimited background properties
  • Minimum income required
  • Minimum age 21 at application (except first time landlords 25)
  • Maximum age 95 at end of mortgage term
  • Secondary applicants minimum age 21
  • No owner-occupier requirement (except first time landlords)

General

  • Simple rental calculations e.g. 125% @ 5.5%
  • Up to 4 applicants
  • £1m maximum loan size
  • £5m maximum exposure with Fleet
  • 5-30 year terms
  • Capital raising
  • Day 1 remortgages
  • Single / Multiple / Student ASTs
  • LA / HA / Corporate leases
  • Capital Repayment, Interest Only or a combination
  • Housing Benefit Tenant accepted

Property

  • New build houses up to 75% LTV
  • Ex-local up to 70% LTV with minimum valuation £75,000 outside London and South East regions, or £150,000 within London and South East regions
  • Flats up to 5 storeys (10 inside M25)
  • Properties next door (subject to exposure limits)
  • Minimum 35 sqm
     

Why Fleet Mortgages?

Check out the video to see how Fleet Mortgages, a specialist buy to lender working exclusively with Intermediaries, could help your advisory business.