Aldermore has cut rates across its buy to let (BTL) and residential owner occupier mortgages.

For new customers, the BTL range has rates reduced by up to 0.20% and for residential owner occupiers, rates are cut by up to 0.50% (up to 80% LTV).

Additionally, there are new residential owner occupier limited edition 2 and 3 year fixed rates (up to 80% LTV), with a 1% discount off AMR* reversion rate.

Examples of new rates, for individual and company landlords with single residential investment properties, Aldermore is offering a two-year fixed 75% LTV at 5.09% (previously 5.29%).

For multi-property product for individual and company landlords with residential investment properties, Aldermore is offering a two-year fixed 75% LTV at 4.99% (was 5.19%).

And for residential owner occupiers, Aldermore is offering a five-year fixed 75% LTV at 5.34% – previously 5.84%.

Commenting on the rate reduction Aldermore director of mortgages Jon Cooper said: “We’re pleased to introduce a wide array of rate cuts to support brokers in finding solutions for their clients. These reductions give both landlords and homebuyers valuable choice and competitive pricing, at a time when the optimism and outlook within the market starts to grow.”