Aldermore has announced rate reductions across its buy-to-let and residential owner-occupier ranges, applying to both new and existing customers. The specialist lender has cut rates ahead of the Bank of England’s base rate decision, following a series of limited-edition product launches since the start of the year.
New customers will see reductions of up to 0.40% across buy-to-let mortgages, with individual and company landlords benefiting from lower rates on both single investment properties and multi-property portfolios. The lender has also reduced rates for residential owner-occupiers, with cuts of up to 0.20% on two, three, and five-year fixed-rate deals.
For existing customers, rate reductions extend to owner-occupiers and landlords, including those with houses in multiple occupation (HMO) and multi-unit freehold properties. The largest cuts are for those borrowing at higher loan-to-value ratios, with reductions of up to 0.40% on two-year fixed rates.
Jon Cooper, director of mortgages at Aldermore, said: “My message to brokers is simple; don’t wait and act now to secure lower rates for your clients. Aldermore also offers industry-leading low fees, with real experts on hand to offer intelligent solutions. We have compelling deals ready for you, whether your client is a landlord, a first time buyer or someone moving home, so give us a call today.”
