"At Aldermore, we continually review our mortgage range against the current market environment, and we always seek feedback from brokers on what their clients really need from their lender"
- Jon Cooper - Aldermore
Aldermore is launching two BTL new products for landlords: a 5-year fixed rate up to 65% LTV with a 1.5% fee option, in addition to a 5-year fixed rate of up to 65% LTV fee-free option. These are for individual and company landlords with both single and multi-property residential investment properties.
The lender has also reduced rates on its existing 5-year fixed rate 65% LTV product with a 5% fee, with reductions of 0.1%.
The following rates are available immediately:
Individual and company landlords with single residential investment properties
5-year fixed 5.89% with zero fee (new)
5-year fixed 5.59% with 1.50% fee (new)
5-year fixed 4.89% with 5% fee (reduced by 0.1%)
Multi-property for individual and company landlords with residential investment properties
5-year fixed 5.79% with zero fee (new)
5-year fixed 5.49% with 1.50% fee (new)
5-year fixed 4.79% with 5% fee (reduced by 0.1%)
Jon Cooper head of mortgages at Aldermore, comments: “At Aldermore, we continually review our mortgage range against the current market environment, and we always seek feedback from brokers on what their clients really need from their lender.
"We’re pleased to introduce our latest wave of limited edition products with this in mind, alongside a couple of targeted rate reductions to help more borrowers find the mortgage that’s right for them.”
