Aldermore has relaunched a range of products across its landlord and residential mortgages for new and existing customers by up to 65 basis points.
Highlights of the bank’s changes include:
Buy to let
For individual and company landlords with single residential investment properties
- New limited edition five-year fixes, with a 5.00% fee at 5.29% to 75% loan to value
For individuals, companies, houses in multiple occupation and multi-unit freehold (up to 6 bedrooms/6 units)
- Reduced five-year fixes, with a 1.50% fee at 6.49% to 75% LTV
Multi-property product for individual and company landlords with residential investment properties
- New limited edition five-year fixes, with a 5.00% fee at 5.19% to 75% LTV
Multi-property for individuals, companies, houses in multiple occupation and multi-unit freehold (up to 6 bedrooms/6 units)
- Reduced two-year discounted fixes, with a £1,999 fee at 6.78% to 75% LTV
Large loan houses in multiple occupation and multi-unit freeholds (7 – 12 bedrooms/ 7 – 20 units)
- Reduced five-year fixes, with a 1.50% fee at 6.59% to 75% LTV
Residential owner-occupied
Standard level 1
- Two-year discount fixes, with a £999 fee at 6.23% to 80% LTV
High LTV
- Five-year fixes, with a £999 fee at 6.69% to 85% LTV
Standard level 2
- Five-year fixes, with no fee at 6.74% to 75% LTV
The lender says for existing customers across product switch ranges, all products carry no fee.
Residential owner-occupied standard
- Five-year fixes at 5.94% to 65% LTV
Residential owner-occupied high LTV
- Five-year fixes at 6.69% to 85% LTV
Residential owner-occupied Help to Buy: equity loan
- Five-year fixes at 6.89% to 75% LTV
BTLs for Individual and company landlords with single residential investment properties
- Five-year fixes at 6.49% to 75% LTV
BTLs for houses in multiple occupation and multi-unit freeholds (up to 6 rooms/6 units)
- Two-year fixes at 7.19% to 80% LTV
Aldermore head of mortgages Jon Cooper says: “We remain committed to helping people access the property market, whether its landlords, first-time buyers or existing homeowners wanting to remortgage.
“By reducing the rates across the entire mortgage range and continuing to place a strong emphasis on broker support and expert guidance.”