Available immediately the new product includes:
- 5 year fixed rates from 3.99 up to 80% LTV
- Rental calculation based on the product pay rate
- Reversion rates reduced by 1%
- Free legal fees (available on the Aldermore Standard buy-to-let range to cover the costs of the legal work necessary to move the mortgage to Aldermore, along with any disbursements)
This new product is available to new business applications across Aldermore’s Standard and Specialist Buy-to-let ranges and carries a 1.50% completion fee. The new offering provides landlords with a highly competitive rate combined with the security of guaranteeing their mortgage payments over the next 5 years. This remortgage option also supports Aldermore’s no portfolio limits policy and flexibility around capital raising for further purchases, ideal for those landlords looking to expand their portfolio.
Charles Haresnape, Group Managing Director – Mortgages at Aldermore said:
“With a buoyant market, and rate rises expected in the not too distant future, there has never been a better time to take advantage of historic low interest rates, and our new limited edition offering is available on a first come first served basis.
“With a high level of consumer demand Aldermore always looks for ways to support its customers and we’re pleased to be able to launch our lowest ever 5-year fixed rate buy-to-let mortgage product.”
For further enquiries, journalists can contact:
Johnathan Priestley, Cicero
Phone: 0207 297 5954
Notes to Editors:
For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.