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Aldermore launches its lowest ever buy-to-let product at 2.99%

POSTED: 14th September 2016
IN: Newsroom
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Aldermore today introduced a new Limited Edition Buy-to-Let product aimed at private landlords, for loans up to £1 million.

Aldermore’s new Limited Edition 5 Year Fixed Rate is available to individuals applying for buy-to-let mortgages on single residential units.

The product applies to private individuals looking to either purchase or remortgage a buy-to-let property, and includes:

  • 2.99% 5-year fixed rate up to 70% LTV
  • Product fee of 1.50% 
  • Application fee of £199

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

“With the average monthly rent for a home in England and Wales rising to an all-time high in July, the buy-to-let sector continues to offer a strong investment opportunity, and is an increasingly important segment of the housing market.  

“Our new fixed rate, which is available for both purchase and remortgage, is great for landlords looking to guarantee their mortgage repayments in the long term, allowing them to better plan their investments. 

“Rising house prices have meant there is increasing demand for rental accommodation, and Aldermore is committed to supporting landlords and the vital role they play in the UK’s housing industry.”

**Ends**

For further enquiries, journalists can contact:

Chelsey Palmer, Aldermore
Phone:          020 8185 3142
Email:           Chelsey.Palmer@aldermore.co.uk

Johnathan Priestley, Cicero Group
Phone:          0207 297 5954
Email: Johnathan.Priestley@cicero-group.com

Aldermore Group PLC is a specialist lender and savings bank offering straightforward products to Small and Medium-sized Enterprises (SMEs), homeowners, landlords 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 June 2016, lending to customers stood at £6.8 billion and customer deposits totalled £6.5 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.

  • Mortgages
  • Press Release

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