Aldermore bank has launched a new range of mortgage products for both buy-to-let and residential owner-occupied properties.
The newly unveiled buy-to-let options are fixed for a 5-year period with a 5.00% product fee for individual and company landlords. These products offer a rate of 5.09% up to 75% loan-to-value (LTV).
For those with multiple residential investment properties, Aldermore extends the same rate and LTV.
On the residential owner-occupied front, customers have access to 3-year and 5-year fixed rates, with LTVs ranging from 65% to 90%. These come with a £999 fee for the 3-year fix and a £1,999 fee for the 5-year option, with also a no-fee alternative available.
In response to the rising cost of living and to support a broader customer base, Aldermore has also raised its maximum lending age limit to 75 years.
Jon Cooper, head of mortgages at Aldermore, said: “We know landlords and home owners can often be overlooked by high street lenders, so it’s important to ensure they have choice when it comes to finding a mortgage that is right for them.
“At Aldermore, we continually review our product range and affordability measures to ensure we can best support our customers and their needs and that’s why we’ve also increased our maximum borrowing age to 75.”
