Fleet Mortgages has reinstated its five-year fixed rate offering for “greener” homes, while also lowering interest rates on product transfer options.
These new five-year fixed rate mortgages are available across the lender's three main product ranges and are available to landlords purchasing or refinancing properties with an Energy Performance Certificate (EPC) rating of AC. 
Standard and limited company products are priced at 5.04% with up to 75% LTV available, while HMO/MUB products are offered at 5.44%. These come with a 3% fee and a minimum charge of £750.
Fleet also continues to offer a £1,000 cashback incentive to landlord-borrowers who improve their property's EPC level to C or above during the first fixed rate period.
Fleet already offers two-year fixed rate deals on EPC rated AC properties at prices 10 basis points lower than non-AC alternatives.
The buying and selling firm has also reduced rates on its two-year Product Transfer (PT) products for existing customers. Similarly, across the spectrum of Standards, Limited Companies and HMOs.
The two-year PT has been reduced by 10 basis points, bringing the new interest rate to 4.59% for standard and limited company borrowers and 4.89% for HMOs.
Steve Cox, Chief Commercial Officer, Fleet Mortgage. “With all private rental sector properties now required to have an EPC for AC by 2030, we expect more landlords to consider improving properties that are currently not up to grade.
“There are many reasons to do this early, not least because there is an opportunity to secure a better rate on a property of this caliber.”
He further added: “Over a five-year period, the savings on your mortgage are significant and, as you know, many properties may not require a huge amount of work or investment to get to the level they require.
“To offset some or all of this cost, Fleet is still offering a £1,000 cashback. This cashback is completed within the fixed term of the mortgage and can be proven with the best possible evidence. It can be used for any job as long as the date of the EPC. ”
