Lender reintroduces limited edition five year products for landlords 

Aldermore has reintroduced its five year Buy to Let Limited Edition range to provide more choice for landlords and homeowners.

The following rates are available immediately:

Individual & Company landlords with single residential investment properties

• 5 year fixed 5.74% to 75% LTV with zero fee
• 5 year fixed 5.44% to 75% LTV with 1.5% fee
• 5 year fixed 4.74% to 75% LTV at 5% fee

Multi property for Individual and company landlords with residential investment properties

• 5 year fixed 5.74% to 75% LTV with zero fee
• 5 year fixed 5.44% to 75% LTV with 1.50% fee
• 5 year fixed 4.74% to 75% LTV with 5% fee
• 5 year fixed 5.69% to 75% LTV with £1,999 fee
  

Jon Cooper, head of mortgages at Aldermore, comments: “We’re delighted to reintroduce our five year Limited Edition range today to provide more choice for landlords when it comes to finding products which suit their needs. 

“At Aldermore, we’re continually reviewing our mortgage range against the current market to ensure we are providing customers with products that help them to go for it in life and in business.”

Meanwhile buy-to-let lender Landbay has announced rate reductions across its fixed rate product range, with rates falling by as much as 0.20%.

The biggest reduction has been seen across its range of non-portfolio products, designed specifically for landlords with three or less mortgaged properties. Both two-year and five-year fixed rate products, available at up to 70% and 75% loan-to-value (LTV) have seen the full 0.20% reduction.

This also includes Landbay’s AVM-supported range of standard and non-portfolio products, available with either a two-year or five-year fixed rate at up to 75% LTV.

In addition, Landbay has reduced rates on its 55% LTV, two-year and five-year fixed rate products. These products, including those for non-portfolio landlords, have been reduced by 0.15%.

This article is taken from Landlord Today