Aldermore cuts BTL, resi rates by up to 65bps Mortgage Strategy

Img

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.” 


More From Life Style