Aldermore has announced rate reductions across its residential owner occupier and buy-to-let mortgage ranges for both new and existing customers, while also launching new limited edition buy-to-let products.
For residential owner occupiers, new customer rates have been cut by up to 0.20%, with 2-year fixed rates below 80% LTV reduced by 0.15% to start from 5.29% and 5-year fixed rates below 80% LTV down by 0.10% to start from 5.14%. At 85% LTV, 2- and 5-year fixed rates for Level 1 and 2 borrowers have been reduced by 0.20% to start from 5.69%.
In buy-to-let, Aldermore has introduced two new limited edition products: a 2-year fixed rate at 75% LTV with a 5% fee for individual and company landlords with single residential properties at 3.29%, and a 2-year fixed rate at 75% LTV with a 5% fee for landlords with multi-property portfolios at 3.24%.
Existing 5-year fixed rates for single property and multi-property landlords have been cut by up to 0.15%, with options starting from 4.29%.
Rates for HMOs and multi-unit freeholds have also been reduced, with 2-year fixed rates from 3.54% and 5-year fixed rates from 4.39%.
For existing customers, product switch rates have also been cut, with residential fixed rates below 85% LTV reduced by up to 0.20% and buy-to-let fixed rates down by as much as 0.30%.
Jon Cooper, director of mortgages at Aldermore, said: “At Aldermore, we’re committed to delivering real value for brokers and their clients, whether they’re landlords expanding their portfolios or owner-occupiers taking their next step.
“We understand that every client’s situation is unique, and that’s why we work hard to provide brokers with the tools, flexibility, and support they need to find the right solutions.
“Our latest rate reductions, combined with our continually evolving criteria, reflect our dedication to help brokers unlock more opportunities and deliver better outcomes.
“No lender can ever take a broker’s business for granted and we’re proud to stand alongside them as a trusted partner.”
