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

Aldermore has announced a series of enhancements to its buy-to-let proposition, introducing new limited edition products and reduced rates.

From tomorrow 26th March, the lender is launching two new buy-to-let products: a five-year fixed rate up to 65% LTV with a 1.5% fee and a fee-free option. These are for individual and company landlords with both single and multi property residential investment properties.

Aldermore is also reducing rates on its existing five-year fixed rate 65% LTV product with a 5% fee, with reductions of 0.1%.

For individual and company landlords with single residential investment properties, new five-year fixes have launched at 5.59% with a 1.5% fee and 5.89% fee-free, while the existing 5% fee product has reduced by 10bps to 4.89%.

Multi property products include new five-year fixes from 5.49% with a 1.5% fee, 5.79% fee-free, and 4.79% with a 5% fee.

Jon Cooper head of mortgages at Aldermore, commented: “At Aldermore, we continually review our mortgage range against the current market environment, and we always seek feedback from brokers on what their clients really need from their lender. We’re pleased to introduce our latest wave of limited edition products with this in mind, alongside a couple of targeted rate reductions to help more borrowers find the mortgage that’s right for them.”