Aldermore has unveiled its new suite of mortgage products for buy-to-let landlords, residential owner-occupiers, and those seeking product switch rates.
The revised product line, which takes effect from Tuesday, June 27th, 2023, introduces a variety of fixed-rate options catering to different segments of the market.
In the buy-to-let category, Aldermore is providing offerings for individual landlords with single residential investment properties, company landlords with single residential properties, landlords operating in the House in Multiple Occupation (HMO) and multi-unit freehold sectors, and individual and company landlords with multiple residential investment properties.
The lender is also offering a large loan product for HMOs and multi-unit freeholds housing between 7-12 bedrooms or 7-20 units.
These options include 2- and 5-year fixed rates with varying fees, and loan-to-value (LTV) ratios up to 75% or 80% depending on the product.
Special emphasis has been given to environmentally friendly properties with EPC ratings of A, B, or C, with these properties being offered slightly lower interest rates.
For residential owner-occupied borrowers, Aldermore has redesigned its product range to provide more options at different LTV levels. The products are split into standard level 1, high LTV, and standard level 2, each with 2- and 5-year fixed rates. The LTV ratios for these products range from 75% to 90%.
Furthermore, the lender has rolled out a range of product switch offerings for residential owner-occupied standard, residential owner-occupied high LTV, Help to Buy: equity loan, and buy-to-let categories.
The product switch options come with zero fees and are available at 2- and 5-year fixed rates.
