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Aldermore is making changes to its limited edition product range for both landlords and owner occupiers, bringing many of these products into core range. The lender is also cutting rates for existing landlord and owner occupier customers seeking to switch products.

The following rates are available immediately:

For new customers

Buy to let

  • Selected limited edition products will be withdrawn and replaced with core range equivalent products.
  • This means reductions across the core range of 2 and 5 year fixed rates including 80% LTV products, multi unit freehold and HMO/multi unit freehold for multi property.
  • Core range 2 year fixed rates are now reduced by up to 0.40%, with 5 year fixed rates reduced by up to 0.45%.
  • 5 year fixed 1.50% and £1,999 fee products will remain as limited editions.

Residential owner occupier

  • All limited edition products will be withdrawn and replaced with core range equivalent products.
  • Reductions to selected core range fixed rates of up to 0.86% for levels 1,2 & 3, with rates starting from 4.95%.

For existing customers (product switch)

Residential owner occupier

  • Up to 0.80% reduction on 2 year fixed rates (rates from 5.41%)
  • Up to 0.45% reduction on 5 year fixed rates (rates from 5.29%)

Buy to let

Individual and company landlords with single residential investment properties

  • Up to 0.10% reduction on 2 year fixed rates (rates from 5.89%)
  • Up to 0.15% reduction on 5 year fixed rates (rates from 5.64%)

 

Jon Cooper, director of mortgages at Aldermore, comments:

“We aim to offer solutions that genuinely support a wide range of customer circumstances, giving both landlords and owner occupiers more of the options they need. Our brokers are a vital component in making that happen. As part of that, we’re committed to offering brokers flexible and competitive products, as well as a consistently high standard of hands-on service.”

 

*Ends*


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For further information, journalists can contact our PR Team.

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