Aldermore has announced a range of new limited edition buy-to-let (BTL) mortgage products alongside rate reductions across parts of its portfolio, effective immediately.
The lender has introduced new 5-year fixed rate options and reduced rates on selected 2-year deals for both individual and company landlords.
For those with single residential investment properties, Aldermore has launched a 5-year fixed rate with a 1.5% fee at 4.92% up to 75% loan-to-value (LTV), and a 5-year fixed rate with a £1,999 fee at 5.14%.
The 2-year fixed rate with zero fee has been cut by 0.15% to 5.64%, while the 2-year fixed rate with a 5% fee has been reduced by the same margin to 3.14%, both at 75% LTV.
Multi-property landlords now have access to a new 5-year fixed rate at 4.87% (1.5% fee) and 5.09% (£1,999 fee) at 75% LTV.
2-year products have also seen reductions of 0.15%, bringing the zero-fee option to 5.59% and the 5% fee option to 3.09%.
For HMO (house in multiple occupation) investors, Aldermore is offering several new rates: a 2-year fixed rate at 5.99% (zero fee), 2-year fixed at 3.49% (5% fee), 5-year fixed at 5.64% (zero fee), and 5-year fixed at 5.54% (£1,999 fee) — all up to 75% LTV.
Jon Cooper, director of mortgages at Aldermore, said: “Our recent research demonstrates that landlords across the country are enjoying better profits and yields than they have for several years, however, they still face challenges and the future looks uncertain for some.
“At Aldermore, we’re committed to helping the many brilliant landlords active in the market. We achieve this by working with our broker partners to offer competitive rates and personable, tailored services.”
