Aldermore has cut rates and launched a range of limited edition buy-to-let (BTL) and residential owner occupier mortgage products for both new and existing customers.
All fixed rates for residential owner occupiers were reduced, with rates cut by up to 0.15% for mortgages up to 80% loan-to-value (LTV), and up to 0.20% for higher LTV deals.
Level 2 fixed rates for those with 80% to 90% LTV saw cuts of up to 0.30%, and other reductions were made across the board.
For new BTL customers, Aldermore launched a 2-year fixed rate at 3.59% with a 5% fee up to 75% LTV, and a 5-year fixed rate at 4.69% with the same fee and LTV.
2-year and 5-year fixed rates with a 1.5% fee were also introduced with rates from 5.69% up to 80% LTV.
Similar products were rolled out for multi-property and houses in multiple occupation (HMO) or multi unit freehold blocks (MUFB) portfolios, including a 2-year fix at 3.94% with a 5% fee.
Additionally, existing residential owner occupier customers saw all fixed rates reduced by up to 0.20%, with new fee-free 2-year and 5-year fixed rates at 90% LTV starting from 6.34%.
Jon Cooper, director of mortgages at Aldermore, said: “In the wake of the market volatility we’ve seen over recent weeks, we’re reducing our rates across a wide range of BTL and residential owner occupier mortgages, whilst introducing our latest wave of limited edition BTL products.
“We’re always striving to offer significant choice as well as compelling value to our intermediary partners and their clients.”
