According to the lender, the new products come with zero product fee for purchase and remortgage, with assisted legal fees, free valuations and no funds transfer fees on remortgages:
For individual and company landlords submitting two or more properties on a single application, there is a 5 year fixed initial rate of 2.98%. For those submitting single residential investment properties, a 5 year fixed initial rate of 3.18% is offered.
Aldermore has also introduced assisted legal fees for all landlords looking to remortgage their Houses in Multiple Occupation (HMO) and multi-unit freehold properties.
Jon Cooper, head of mortgage distribution, Aldermore comments: “We want to support the many landlords reviewing how they want to manage and grow their portfolios in the future. Our latest product offering provides landlords with competitive rates, assistance on fees, and gives them long term stability so managing their portfolios is easier.”
