Aldermore launched a range of new limited edition buy to let products over the weekend.
Individual and company landlords with single residential properties
New limited edition 5 year fixed, zero fee, 5.34% to 75% LTV
Multi property product for individual and company landlords with residential investment property portfolios
New limited edition 5 year fixed, zero fee, 5.29% to 75% LTV
HMO and multi unit freehold including multi property
New limited edition 5 year fixed, 5% fee, 4.64% to 75% LTV (includes free valuation)
Jon Cooper, director of mortgages at Aldermore, comments: “We’re focused on delivering choice and value where it matters most. These launches reflect our commitment to staying responsive and backing more people to go for it, even in a challenging market.”
Also on the mortgages front, The Mortgage Lender (TML) has announced a series of enhancements to its Buy to Let range, cutting rates and introducing a new cashback incentive for landlords.
TML has repriced its 2-Year and 5-Year standard Buy-to-Let products, with rate reductions of up to 0.15% across its core range. The changes form part of the lender’s ongoing commitment to supporting brokers and professional landlords with flexible, competitively priced solutions.
TML will withdraw the 2-Year £3,495 fee product and reintroduce the 2-Year £2,495 fee product, providing more choice for borrowers balancing upfront costs with long-term value.
All 5-Year Fixed HMO products will now include a £500 cashback – available for a limited time.
Steve Griffiths, commercial director for retail mortgages at parent group Shawbrook, says: “Landlords continue to adapt to a changing market, and we’re focused on making sure our range evolves with them. By reducing rates and enhancing incentives, we’re giving brokers more tools to support clients who are refinancing or looking to expand their portfolios.”
This article is taken from Landlord Today