Close

Aldermore launches limited edition buy-to-let product

POSTED: 14th June 2016
IN: Newsroom
Share:

Aldermore has today launched a new limited edition rate on its standard buy-to-let product range. The new rate is available for loans up to £1m, and is available to individuals applying for single residential units.

Available immediately, the new product includes:

  •   Initial rate of 3.25% for 5 Year Fixed Rates available up to 80% LTV
  • Availability for both for purchase and remortgage
  • Completion fee of 1.50%
  • Booking fee £199

Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, said:

“As buy-to-let specialists we are always looking to help customers and intermediaries by offering a greater product choice. Our new rates help keep costs down for clients at a time when demand for housing continues to out-strip supply.

“According to the latest survey from RICS, tenant demand continues to rise across all areas with a net balance of 23% of contributors reporting an increase at the national level, and buy-to-let remains a strong investment choice despite recent changes to stamp duty charges.”

**Ends**

For further enquiries, journalists can contact:

Rachael Snelling, Aldermore

Phone:          0208 1853 102

Email:           Rachael.Snelling@aldermore.co.uk

Johnathan Priestley, Cicero Group

Phone:          0207 297 5971

Email:           Johnathan.Priestley@cicero-group.com

Notes to Editors:

Aldermore

Aldermore Group PLC is a specialist lender and savings bank offering straightforward products to Small and Medium-sized Enterprises (SMEs), homeowners and individuals, who we believe are often poorly- or under-served by the wider market.

Aldermore has no branch network but serves customers and intermediary partners online, by phone and face to face through its network of regional offices located around the UK.

Building on its core values of being reliable, expert, dynamic and straightforward, Aldermore aims to deliver banking as it should be.

Established in 2009, Aldermore has grown significantly. At the end of March 2016, lending to customers stood at £6.5 billion and customer deposits totalled £6.2 billion.

For more information, please visit www.aldermore.co.uk.

Aldermore Bank PLC is an operating entity of Aldermore Group PLC. In March 2015, Aldermore Group PLC’s shares (ALD.L) listed on the Main Market of the London Stock Exchange.

Aldermore Bank PLC is regulated by the Prudential Regulation Authority and the Financial Conduct Authority and is registered under the Financial Services Compensation Scheme.

 

 

  • Press Releases
  • Mortgages
  • Buy To Let
  • Press Release

Published: