Fleet Mortgages pulls its product range
Bob Young

Fleet Mortgages pulls its product range

Fleet Mortgages has had to pull its current product range while it waits for its next funding line to be made available.

The announcement comes after the specialist lender recently completed £400m of mortgage loans with a large asset manager. 

In a note to brokers, the lender said that due to the launch of its new products in December, this tranche of funding was filled quicker than it initially anticipated leading to the withdrawal of its product range.

The lender stated that any DIPs and applications that have been submitted today (8th January 2019) onwards will be declined. 

Fleet expects the new funding line to be sorted and the new product range to be launched before the end of January. 

It added that it would keep brokers informed as to when the new product range would be launched. 

Pictured above: Bob Young, CEO at Fleet Mortgages

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