Aldermore introduces new limited edition buy to let product and reduces rates across buy to let mortgage range

POSTED: 2nd March 2022
IN: Newsroom

Aldermore bank has today announced a number of changes to its buy to let mortgage range, introducing a new limited edition product and reducing rates, helping to support landlords in securing better deals for their portfolios.

Available from Thursday 3 March 2022:

New limited edition product for individual landlords with single residential properties:

  • Two year fixed rate mortgage: 2.68% to 75% LTV with 1.50% fee

Reduced products for individual landlords with single residential properties:

Two year fixed rates reduced by 0.20%:

  • 3.18% to 75% LTV with 1.50% fee
  • 3.68% to 80% LTV with 1.50% fee

Five year fixed rates reduced by 0.30%:

  • 3.68% to 80% LTV with 1.50% fee

Reduced products for individual and company landlords with single residential properties:

Two year fixed rates reduced by 0.20%:

  • 3.18% to 75% LTV with 1.50% fee
  • 3.68% to 80% LTV with 1.50% fee
  • 3.28% to 75% LTV with £1999 fee
  • 3.78% to 80% LTV with £1999 fee

Five year fixed rates reduced by 0.30%:

  • 3.18% to 75% LTV with 1.50% fee
  • 3.68% to 80% LTV with 1.50% fee
  • 3.28% to 75% LTV with £1999 fee
  • 3.78% to 80% LTV with £1999 fee
  • 3.48% to 75% LTV with £0 fee
  • 3.98% to 80% LTV with £0 fee

Reduced buy to let multi property products for Individual and company landlords with single residential properties:

Two year fixed rate reduced by 0.20%:

  • 2.98% to 75% LTV with 1.50% fee

Five year fixed rates reduced by 0.30%:

  • 2.98% to 75% LTV with 1.50% fee
  • 3.28% to 75% LTV with £0 fee

 

Aldermore bank also offers free legal fees, free valuation and no funds transfer fee on remortgages. The products are available for purchase and remortgage through Aldermore’s residential and commercial mortgages portals.

Jon Cooper, head of mortgage distribution, Aldermore comments: “We’re 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’s important to ensure our products continually meet their needs and help them realise their ambitions. Our latest changes will deliver greater choice for landlords in a time when many are looking at what their future portfolio strategy will be.”

 

-ENDS-

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