Aldermore is introducing new buy to let and residential owner occupied products.
The buy to let products are fixed at five years with a 5% product fee. The residential owner occupied products have three year and five-year fixes available. The following rates are available immediately:
- Buy to let for individual and company landlords with single residential investment properties 09% to 75% LTV
- Buy to let multi property product for individual and company landlords with residential investment properties09% to 75% LTV
For residential owner occupied
- Three-year fixed, 65%-90% LTV with £999 and zero fee options
- Five- year fixed, 65%-90% LTV with £1,999 fee option
Aldermore has also changed its maximum lending age limit to 75. This will help to support people at a time of cost of living pressures and back more customers to buy and finance a home.
Aldermore head of mortgages Jon Cooper comments: “We know landlords and home owners can often be overlooked by high street lenders, so it’s important to ensure they have choice when it comes to finding a mortgage that is right for them.
“At Aldermore, we continually review our product range and affordability measures to ensure we can best support our customers and their needs and that’s why we’ve also increased our maximum borrowing age to 75.”
