Aldermore has announced the relaunch of its buy-to-let mortgage proposition along with residential owner-occupied Standard Level 1, Level 2 and high loan to value (LTV) products.
These products, available for application from Tuesday 6th June, are coupled with a repricing of the product switch proposition aimed at assisting home movers and landlords nearing the end of their mortgage term.
Among the wide array of rate options now offered are: a 2-year discounted 5.98% rate to 75% LTV with a £1,999 fee for individual landlords; a 2-year fixed rate of 6.44% to 75% LTV with a £999 fee for residential owner-occupied standard level 1 properties, and a 2-year fixed 7.14% rate to 85% LTV with a £999 fee for residential owner-occupied high LTV properties.
Furthermore, the lender has committed to offering a free valuation for individual landlords with single residential investment properties, residential owner-occupied standard level 1 and 2 properties, and high LTV properties.
Existing customers have not been left out. They can now switch products at no fee, with a variety of options available across residential owner-occupied standard, high LTV, and Help to Buy: equity loan categories. BTL customers can also enjoy the 2-year fixed with zero fee, 6.49% to 75% LTV for single residential investment properties.
“We’re thrilled to be back in the market with our buy-to-let and residential owner-occupied offerings,” said Jon Cooper, head of mortgages at Aldermore. “Withdrawing products was always a temporary measure and we’re pleased to offer a competitive range, giving customers even more choice to support their goals. Both our borrowers and our savers are the driving focus of everything we do at Aldermore, and we’re passionate about finding ways to support all of our customers to go for it in life and in business.”
