Aldermore has reduced mortgage rates across its residential and buy-to-let ranges, including for HMO and multi-unit landlords, in a bid to remain competitive and support borrowers at all stages of their property journey.
For residential owner occupiers applying through Aldermore’s Level 1 range, fixed rates up to 80% loan-to-value (LTV) have been cut by 0.10%, with rates now starting at 5.19%.
For higher LTVs between 80% and 95%, reductions of up to 0.20% bring pricing down to 5.74%. Level 2 and Level 3 borrowers benefit from reductions of up to 0.25% depending on LTV.
In buy-to-let, 2-year fixed rates for individual and limited company landlords with single residential properties have been reduced by up to 0.20%, now starting from 3.49%. 5-year fixed rates in the same category see cuts of up to 0.25%, with pricing from 4.34%.
For portfolio landlords using Aldermore’s multi-property product, two-year fixes have dropped by up to 0.20% (from 3.44%), while five-year fixes are down by up to 0.25%, starting at 4.29%.
HMO and multi-unit freehold landlords also see reductions of up to 0.30% on 2-year fixed rates (from 3.64%) and up to 0.35% on 5-year fixes (from 4.39%).
Existing Aldermore borrowers switching products can access reductions of 0.10% on standard 2- and 5-year residential fixes (from 5.39%), and up to 0.20% off high LTV residential switches (from 5.94%). Existing buy-to-let clients benefit from cuts of 0.20% to 0.30%, depending on property type.
Jon Cooper, director of mortgages at Aldermore, said: “We know it’s a competitive market right now and lenders must be proactive if they want to win business from brokers. The latest changes to our BTL range are designed to support landlords at every stage of their journey, from first-time investors to experienced portfolio holders, while our broader mortgage range continues to help residential customers find the right solution for their homeownership needs.”
