"These updates give brokers more flexibility to support clients with competitive, tailored solutions, whether it’s a first home, a move up the ladder, or expanding a property portfolio. At Aldermore, we back brokers to make things happen for their clients"
- Jon Cooper - Aldermore
Aldermore has expanded its mortgage offering with a series of limited edition options for both landlords and owner-occupiers. The lender has also reduced rates for existing buy-to-let customers who are switching products. All new pricing is available immediately.
For residential borrowers, Aldermore has released two sets of high LTV products. The Level 1 range features a 5-year fixed rate up to 90% LTV with a £999 fee at 5.79%, and a second option offering a 5-year fixed rate up to 95% LTV with the same fee at 6.14%. The Level 2 high LTV selection includes a 5-year fix up to 90% LTV with a £999 fee at a rate of 6.29%.
New buy-to-let customers also have access to multiple limited editions. Individual and company landlords with single residential properties can select a 2-year fixed rate at 75% LTV with a 3% fee at 4.09%.
For those holding larger residential portfolios, a multi-property product delivers a similar 2-year fix at 75% LTV with a 3% fee at 4.04%. A further option is available for houses in multiple occupation, offering a 2-year fixed rate at 75% LTV with a 3% fee at 4.49%.
Existing buy-to-let customers looking to switch products are being offered reduced pricing with no fees. Individual and company landlords with single residential properties can choose either a 2-year fixed rate up to 85% LTV from 5.99% or a 5-year fixed rate up to 85% LTV from 5.79%. For HMOs and multi-unit freeholds, reductions of up to 0.30% apply, with a 2-year fixed rate at 80% LTV at 6.09% and a 5-year fix at 80% LTV at 5.89%.
Discussing the launch, Jon Cooper, director of mortgages at Aldermore (pictured), said, “After reigniting our residential owner occupier range last week, we’re launching new limited edition products for landlords and homeowners."
"These updates give brokers more flexibility to support clients with competitive, tailored solutions, whether it’s a first home, a move up the ladder, or expanding a property portfolio. At Aldermore, we back brokers to make things happen for their clients.”
