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Aldermore cuts buy-to-let and residential mortgage rates

POSTED: 4th April 2013
IN: Newsroom
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Aldermore has reduced its rates on the following buy-to-let and residential mortgage products

Residential:

  • 2 year fix: rates have been cut by up to 0.6%
  • 3 year fix: rates have been cut by up to 0.2%

Buy-to-Let:

  • 2 year and 3 year fixes: rates have been cut by up to 0.4%
  • 2 year discount: rates have been cut by 0.3% to 4.48% for loans up to 75% LTV and a new 80% LTV rate of 4.98% has been introduced

 

Full details and a downloadable copy of the latest product guide can be found here.

Charles Haresnape, Managing Director of Residential Mortgages at Aldermore, said: "As lender competition intensifies, so we want to ensure that our residential and buy-to-let mortgage pricing remains as keen as possible.

"The recent lending figures published by the Bank of England confirm that although the number of loans for house purchase have fallen slightly, remortgaging showed a 4% increase in February, which suggests that borrowers may be looking to lock into low rates before an inevitable rate increase at some point in the future. Our lower rates and non-reliance on credit scoring may encourage borrowers to make that move sooner rather than later. "

Aldermore Bank has lent more than £2 billion since first opening its doors for business in the summer of 2009.

 

**Ends**

 

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

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  • Buy To Let
  • Press Release
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  • Residential Mortgages

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