Aldermore chops rates on BTL loans and unveils new product Mortgage Finance Gazette

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Aldermore is cutting rates across its buy to let range whilst also introducing a new limited- edition product.

The bank’s limited-edition product is on a five- year fixed term basis up to 65% LTV, and is amongst the most attractively priced options available in the market as of the time of publishing.

The products are priced as follows:

All BTL fixed rates reduced by 0.20%

New limited edition on a five-year fixed term up to 65% LTV:

Five-year fixed 5.89% with zero fee

Five- year fixed 5.59% with 1.50% fee

Five-year fixed 4.89% with 5.00% fee

Commenting on the latest rate reductions Aldermore director of mortgages Jon Cooper said: “Being a landlord presents unique challenges and we don’t take the loyalty of our landlord customers for granted. We’re pleased to introduce our new limited edition product and offer a range of cheaper rates, backing more landlords to go for it in life and business.”