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Aldermore increases maximum number of buy-to-let properties from two to three

POSTED: 29th March 2011
IN: Newsroom
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Aldermore has increased the maximum number of properties it will accept on residential buy-to-let mortgage applications from two to three, subject to a total exposure of £1 million.

This change is being implemented immediately on all new residential buy-to-let applications.

Charles Haresnape, Managing Director of Residential Mortgages at Aldermore, said: "The rental market continues to go from strength-to-strength and demand for buy-to-let mortgages is increasing. We've received a number of enquiries from brokers asking if we will accept applications from the same applicant for more than two properties and we're therefore delighted to announce this enhancement to our lending criteria."

Applicants must own at least one existing buy-to-let property. Aldermore works with clients to assess affordability and rental coverage should be 125% at the product pay rate or reversion rate, whichever is higher.

Full product information, including rates and criteria and a downloadable product guide, are available at: www.aldermore-mortgages.co.uk.

**Ends**

For further information journalists can contact:

Josh Cooper, PR consultant                   office: 01295 688243
josh@cooper-consultants.co.uk              mobile: 07768 355265

For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page. 

  • Buy To Let
  • Press Release
  • Commercial Mortgages
  • Intermediaries
  • Residential Mortgages

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