Aldermore revamps company buy to let products

POSTED: 23rd September 2019
IN: Newsroom

Aldermore, the Specialist Bank, has today reduced its Company buy to let remortgage and Company Multi Property purchase and remortgage products. The move is to help landlords looking for long-term stability when planning to grow their portfolio, purchase multiple properties or remortgage.

Available immediately:

Company Buy to Let Remortgage only - reduced by 0.3%

  • 75% loan-to-value (LTV), 5 year fixed initial rate 3.98%
  • 80% loan-to-value (LTV), 5 year fixed initial rate 4.58%

Company Buy to Let Multi Property Purchase and Remortgage - reduced by 0.3%

  • Up to 75% loan-to-value (LTV), 5 year fixed initial rate 3.78%
  • Up to 80% loan-to-value (LTV), 5 year fixed initial rate 4.38%

Damian Thompson, Director of Mortgages, Aldermore comments: “We are pleased to announce our latest commitment to supporting landlord customers, as the Private Rented Sector plays a pivotal role in the UK housing market. Buy to let activity has stabilised in recent years as the sector has settled after a number of regulatory changes, and many landlords are now looking at how they can manage their portfolios in the future.

“According to the latest BDRC data1, over seven in ten landlords intend to fund their next portfolio purchase with a buy to let mortgage, so at Aldermore we want to make sure we are providing products that align with landlords’ needs. Our human approach to lending enables us to consider each application on individual merits, which gives us an opportunity to help as many people as we can with their borrowing needs.”

ENDS

1 Data from the Q2 2019 Landlords Panel report from BVA BDRC, undertaken in partnership with the National Landlords Association (NLA).

For further information, journalists can contact:

Gareth Hill, Aldermore
Phone: 07721 127514     
Email: Gareth.hill@aldermore.co.uk   

Laura Cronin, Lansons
Phone: 020 7294 3607
Email: laurac@lansons.com 

Notes to Editors

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

  • Mortgages
  • Buy To Let
  • Press Release