Lender launches reduced rates and new products to landlords 

Aldermore has introduced new limited edition buy to let products and announced rate reductions across its BTL and residential owner occupier ranges.

The following rates are now available: 

For new customers

Residential owner occupiers

Level 1 (0% – 80% LTV)

• All fixed rates reduced by up to 0.15% (rates from 5.29%)

Level 1 (>80% – 95% LTV)

• All fixed rates reduced by up to 0.20% (rates from 5.89%)

Level 2 (>80% – 90% LTV)

• All fixed rates reduced by up 0.30% (rates from 6.39%)

Level 2 & 3 (0% – 80% LTV)

• All fixed rates reduced by 0.10% (rates from 5.79%)

BTL

Individual and company landlords with single residential investment properties

• Launch of 2 year fix with 5% fee limited edition at 3.59%, up to 75% LTV
• Launch of 5 year fix with 5% fee limited edition at 4.69%, up to 75% LTV
• Launch of 2 & 5 year fixed rates up to 80% LTV with 1.5% fee (rates from 5.69%)

Multi property for individual and company landlords with residential investment properties

• Launch of 2 year fix with 5% fee limited edition at 3.54% up to 75% LTV
• Launch of 5 year fix with 5% fee limited edition at 4.64% up to 75% LTV

HMO (up to 6 bedrooms) and multi unit freehold (up to 4 units) including multi property

• Launch of 2 year fix with 5% fee at 3.99% up to 75% LTV

Multi property product for individual and company landlords with HMO and multi unit freehold portfolio

• Launch of 2 year fix with 5% fee at 3.94% up to 75% LTV

For existing customers

Residential owner occupier

1. All fixed rates reduced by up to 0.20% (rates from 5.49%)
2. Launch of new 2 & 5 year fixed rates at 90% LTV with zero fee (rates from 6.34%)

Jon Cooper, director of mortgages at Aldermore, comments: “In the wake of the market volatility we’ve seen over recent weeks, we’re reducing our rates across a wide range of BTL and residential owner occupier mortgages, whilst introducing our latest wave of limited edition BTL products. We’re always striving to offer significant choice as well as compelling value to our intermediary partners and their clients.”

This article is taken from Landlord Today