Aldermore has announced that it has introduced zero-fee limited edition products for landlords alongside reduced rates for existing customers switching products.
The lender now offers new customers a two-year fixed rate at 5.39% and a five-year fixed rate at 5.22%, both at 75% loan-to-value with no fees. These products apply to individual and company landlords with single residential investment properties.
Landlords with property portfolios can access lower pricing through new multi-property products. The two-year fixed rate sits at 5.34%, while the five-year option is priced at 5.17%, both at 75% LTV with zero fees.
Existing customers benefit from rate reductions of up to 0.20% when switching products. Individual and company landlords with single residential investment properties can now access two-year fixed rates from 5.69% and five-year fixed rates from 5.52%, both available up to 85% LTV with no fees.
"These limited editions give brokers and their clients greater choice and value," said Jon Cooper, director of mortgages at Aldermore (pictured). "At Aldermore, we back people to go for it. That's why we've enhanced our criteria whilst reducing rates on several occasions in recent months, both for landlords as well as owner occupiers looking to buy their first home or move up the property ladder."
