Aldermore cuts buy-to-let rates and launches new limited edition product

Aldermore has reduced rates across its buy-to-let range and introduced a new limited edition product.

The bank’s limited edition product is a five-year fixed rate at 65% LTV, available from 4.89% with a 5% fee, 5.59% with a 1.5% fee, and 5.89% fee-free.

In addition, all buy-to-let fixed rates have reduced by 0.20%.

The latest changes follow Aldermore recently expanding its mortgage proposition to accommodate self-employed contractors that work via a limited company or sole trader, enabling them to be assessed for affordability on an employed basis using gross income.

Jon Cooper, director of mortgages at Aldermore, commented: “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.”