Lender makes immediate buy to let product change 

Specialist lender Aldermore is making changes to its limited edition product range for both landlords and owner occupiers. 

The lender is also cutting rates for existing landlord and owner occupier customers seeking to switch products.

The following rates are available immediately for landlord customers:

For new Buy to let customers

• Selected limited edition products will be withdrawn and replaced with core range equivalent products.
• This means reductions across the core range of 2 and 5 year fixed rates including 80% LTV products, multi unit freehold and HMO/multi unit freehold for multi property.
• Core range 2 year fixed rates are now reduced by up to 0.40%, with 5 year fixed rates reduced by up to 0.45%.
• 5 year fixed 1.50% and £1,999 fee products will remain as limited editions.

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For existing customers (buy to let product switch)

Individual and company landlords with single residential investment properties

• Up to 0.10% reduction on 2 year fixed rates (rates from 5.89%)
• Up to 0.15% reduction on 5 year fixed rates (rates from 5.64%)

Jon Cooper, director of mortgages at Aldermore, comments:“We aim to offer solutions that genuinely support a wide range of customer circumstances, giving both landlords and owner occupiers more of the options they need. Our brokers are a vital component in making that happen. As part of that, we’re committed to offering brokers flexible and competitive products, as well as a consistently high standard of hands-on service.”

This article is taken from Landlord Today