Aldermore bank has made 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 productfor individual landlords with single residential properties:
- 2-year fixed rate mortgage: 2.68% to 75% LTV with 1.50% fee
Reduced products forindividual landlords with single residential properties:
2-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
5-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:
2-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
5-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:
2-year fixed rate reduced by 0.20%:
- 2.98% to 75% LTV with 1.50% fee
5-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, said: “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.”
