Aldermore has announced that it has introduced a range of new limited edition buy-to-let (BTL) mortgage products, alongside rate reductions across several existing options for landlords.
The updated range is available immediately and includes products for individual and company landlords, as well as those managing portfolios and houses in multiple occupation (HMOs).
Buy to let – single residential investment properties
New 5-year fixed rate at 4.92% with a 1.5% fee at 75% LTV
New 5-year fixed rate at 5.14% with a £1,999 fee at 75% LTV
2-year fixed rate reduced by 0.15% to 5.64% with no fee at 75% LTV
2-year fixed rate reduced by 0.15% to 3.14% with a 5% fee at 75% LTV
Multi-property product – for individual and company landlords
New 5-year fixed rate at 4.87% with a 1.5% fee at 75% LTV
New 5-year fixed rate at 5.09% with a £1,999 fee at 75% LTV
2-year fixed rate reduced by 0.15% to 5.59% with no fee at 75% LTV
2-year fixed rate reduced by 0.15% to 3.09% with a 5% fee at 75% LTV
Houses in multiple occupation (HMOs)
New 2-year fixed rate at 5.99% with no fee at 75% LTV
New 2-year fixed rate at 3.49% with a 5% fee at 75% LTV
New 5-year fixed rate at 5.64% with no fee at 75% LTV
New 5-year fixed rate at 5.54% with a £1,999 fee at 75% LTV
Jon Cooper, director of mortgages at Aldermore (pictured), 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.”
