Aldermore cuts limited edition buy-to-let rates

Aldermore has reduced rates across its limited edition buy-to-let products for individual and company landlords.

From today, a five-year fixed rate product with a 5% fee has reduced by 20bps to 5.49% at 75% LTV.

The product is available for individual and company landlords with single residential investment properties, with an equivalent multi property product rate also available.

Last month, Aldermore introduced an open panel approach for specialist buy-to-let conveyancing processes, allowing brokers greater flexibility to appoint conveyancers to support on more complex buy-to-let property transactions.

Jon Cooper, head of mortgages at Aldermore, commented: “At Aldermore, we continually review our range to ensure we’re providing our customers with products which complement their needs at rates which are fair.

"We’re delighted to announce rate reductions to our limited edition product range, to help landlords - whether they’re a first-time or seasoned investor - find the mortgage that’s right for them.”