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Aldermore revamps buy-to-let mortgage range

POSTED: 8th November 2018
IN: Newsroom
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Specialist Bank, Aldermore, has today reduced the rates on its Buy-to-let 5 year fixed remortgage products for individual landlords as well as company landlords.

Available immediately with no product or valuation fees:

Individual landlords submitting remortgage applications through our Residential portal1:

  • 5 year fixed rate 75% LTV remortgage reduced by 0.20% from 4.18% to 3.98%
  • 5 year fixed rate 80% LTV remortgage reduced by 0.20% from 4.78% to 4.58%


Company landlords submitting remortgage applications through our Commercial portal2:

  • 5 year fixed rate 75% LTV remortgage reduced by 0.20% from 4.18% to 3.98%
  • 5 year fixed rate 80% LTV remortgage reduced by 0.20% from 4.78% to 4.58%
  • New Multi Property3 Limited Edition 5 year fixed rate remortgage at 3.78% to 75% LTV and 4.38% to 80% LTV4

Aldermore now accept new build flats for investment purposes and we've also reduced the interest cover ratio on the affordability calculation for customers that meet our definition of a basic rate tax payer.

Damian Thompson, Director of Mortgages, Aldermore, comments: “We are committed to supporting a robust private rented sector that provides quality and choice to tenants across the UK. Landlords, no matter how big or small, play a significant role in today’s housing market so we believe it is our responsibility as a provider to ensure our products meet their needs and help them realise their ambitions. 

“At Aldermore, we understand the recent changes to the buy-to-let market have presented new challenges, which is why we are constantly reviewing and improving our proposition to ensure landlords receive the financial support to assist the growth of the sector.”

*Ends*

1 Free standard legal fees available

2 Applicants submitting via the Commercial portal will be responsible for the total legal costs to undertake the mortgage transaction

3 Multi property products are available to:

  • New customers submitting multiple applications at the same time
  • New customers submitting multiple properties at the same time (on one account)
  • New customers submitting a second or subsequent application
  • Existing customers with an active Aldermore Residential Owner Occupied, Buy-to-Let or Commercial mortgage account, submitting a new application

4 A £30 Funds transfer fee will apply on Multi Property products

For further information, journalists can contact:

Gareth Hill, Press Office – Mortgages, Aldermore
Mobile:          07721 127514
Email:            gareth.hill@aldermore.co.uk

 

Notes to editors

For further information about Aldermore, please review our Notes to Editors page.