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Aldermore increases buy-to-let LTV to 80% and improves rates
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-mortgages.co.uk or brokers can contact Aldermore on 0333 3211000.
For further information journalists can contact:
Josh Cooper, PR consultant office: 01654 791385
firstname.lastname@example.org mobile: 07768 355265
For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.