Aldermore has launched various limited edition buy-to-let (BTL) products and rate reductions across its BTL and residential owner occupier ranges, both for new and existing customers.

For new customers, the lender’s residential owner occupiers level one fixed rate products at 80% loan-to-value (LTV) to 90% LTV have been reduced by up to 0.20% to start from 5.89%.

In the same range, level two fixed rate products at 80% to 90% LTV have been cut by as much as 0.30% to start from 6.39%.

Aldermore has also launched BTL products for individual and company landlords with single residential investment properties. It has added a two-year fix with a 5% fee limited at 3.59%, available up to 75% LTV and a five-year fix with 5% fee limited edition at 4.69%, available up to 75% LTV.

It has also launched two- and five-year fixed rates up to 80% LTV with a fee of 1.5% with rates starting 5.69%.

For individual and company landlords with residential investment properties, the lender has added a two- and five-year fix, both with a 5% fee and limited edition, available up to 75% LTV with rates of 3.54% and 4.64% respectively.

In addition, Aldermore has added a two-year fix with a 5% fee at 3.99% up to 75 LTV for houses of multiple occupancy and multi unit freehold including multi property.

It has also launched a two-year fix with a 5% fee and a 3.94% up to 75% LTV for individual and company landlords with HMO and multi unit freehold portfolio.

For existing residential owner occupier customers, all fixed rates have been lowered by up to 0.20%, with rates starting from 5.49%.

In the same range, it has launched two- and five-year fixed rates at 90% LTV with zero fee, with rates starting from 6.34%.

Aldermore director of mortgages Jon Cooper states: “In the wake of the market volatility we’ve seen over recent weeks, we’re reducing our rates across a wide range of BTL and residential owner occupier mortgages, whilst introducing our latest wave of limited edition BTL products.”

Meanwhile, Gen H has made rate reductions across its two-year fixes.

The lender’s largest cuts have been applied to high LTV products.

Two-year rates at 95% LTV have been lowered by 30 basis points, while two-year rates at 90% LTV and below have been lowered by 15bps.

The cuts are available across standard, homebuying, and retention ranges and will be available for brokers on Gen H’s panel later today.

Gen H chief commercial officer Pete Dockar says: “With this latest rate cut, we’re doubling down on our mission to make homeownership possible for more people. The market is volatile, but as lenders, we can’t let this lock out those at the beginning of their journey.”