Aldermore increases buy-to-let LTV to 80% and improves rates

POSTED: 2nd February 2012
IN: Newsroom

Aldermore has increased the maximum LTV to 80% on its range of residential buy-to-let fixed rate mortgages with immediate effect. It has also reduced its 2 year discount rates, 3 and 5 year fixed rates and its buy-to-let reversion rates, which results in a more generous rental calculation for many borrowers.

Aldermore has increased the maximum LTV to 80% on its range of residential buy-to-let fixed rate mortgages with immediate effect. It has also reduced its 2 year discount rates, 3 and 5 year fixed rates and its buy-to-let reversion rates, which results in a more generous rental calculation for many borrowers.

Key features of Aldermore Residential Mortgages' buy-to-let product line-up include:

 LTVs now available up to 80%

* Reversion rates reduced by 0.5%
* Maximum portfolio size increased to 5 properties and £2 million
* Maximum age 85 years at the end of the mortgage term
* Choice of fixed, discounted and term variable rates from 4.48% (see 'notes to editors' for further information about rates)

Charles Haresnape, Managing Director of Residential Mortgages at Aldermore, said:

 "We're very comfortable with the way our buy-to-let portfolio is performing and feel the time is now right to strengthen our range. These enhancements to both criteria and rates will ensure Aldermore's residential buy-to-let products are amongst the most competitive available and I have no doubt they will be popular with both brokers and their clients.

"Intermediaries can also be assured they will receive Aldermore's consistently high quality award-winning service, provided by experienced staff who are always happy to discuss cases with brokers."

Aldermore markets its residential mortgages exclusively via regulated intermediaries and, unlike most other lenders, decision-making is not dependent on credit scoring but is based on sensible underwriting rules and criteria applied by mortgage professionals.

Full information about Aldermore's products including rates, criteria and a downloadable product guide, are available at: 
www.aldermore.co.uk/intermediaries/residential-mortgages
or brokers can contact Aldermore on 0333 3211000.

**Ends**

For further information journalists can contact:

Josh Cooper, PR consultant                   office: 01654 791385

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.

  • Mortgage
  • Personal
  • Buy To Let
  • Press Release
  • Intermediaries
  • Journalists
  • Residential Mortgages

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