"We understand that every landlord's situation is different, which is why we're focused on giving brokers the flexibility and choice they need to find the right solution"
- Jon Cooper - Aldermore
Aldermore has cut its buy-to-let fixed rates and reintroduced a broader set of products, giving landlords and brokers more flexibility across both new purchases and existing business.
New customers
The lender has reduced 2 and 5-year fixed rates by 0.20% for new customers. Individuals and companies with single residential investment properties can now access rates from 3.99%, while portfolio landlords with multiple properties can access rates from 3.94%.
New products for single-property borrowers include a 2-year fixed at 80% LTV with a 1.5% fee priced at 6.19%, and a 2-year fixed at 75% LTV with a 3% fee at 4.99%. There is also a green mortgage option, with a 2-year fixed for properties rated EPC A, B, or C at 75% LTV and a 3% fee, priced at 4.94%.
On the longer-term side, 5-year fixed options range from 4.84% with a 7% fee to 6.34% at 80% LTV with a 1.5% fee, with a flat-fee £1,999 variant at 6.14%.
Portfolio landlords gain access to similar pricing, with 5-year fixed rates starting from 4.79% at a 7% fee and a £1,999 flat-fee option at 6.09%, both at 75% LTV. A 2-year discount product at 5.13% rounds out the new portfolio range.
Existing customers
For existing customers, Aldermore has also introduced three new zero-fee 5-year fixed product switch options, available at LTVs of 70%, 75%, and 85%, priced at 6.54%, 6.54%, and 7.04% respectively. The 2-year fixed product switch rate has also been reduced by 0.20%, with rates starting from 6.79%.
"At Aldermore, we're committed to delivering real value for brokers and their landlord clients, whether they're purchasing their first investment property or expanding a more complex portfolio," said Jon Cooper, director of mortgages at Aldermore (pictured).
"We understand that every landlord's situation is different, which is why we're focused on giving brokers the flexibility and choice they need to find the right solution. Our latest rate reductions, alongside the reintroduction of discount products and a broader range of fee options, are designed to help brokers support their clients in a changing market."
All rates are available immediately.
