Aldermore cuts rates by up to 0.86% and adds limited edition products to core range

Aldermore is making changes to its limited edition product range for both landlords and owner occupiers, bringing many of the products into core range.

The lender is also cutting rates for existing residential and landlord customers seeking to switch products. 

For new customers, all limited edition residential products will be withdrawn and replaced with core range equivalent products.

Aldermore has also made reductions to selected core range residential rates of up to 0.86% for levels 1, 2 and 3, with rates starting from 4.95%.

For buy-to-let, selected limited edition products will be withdrawn and replaced with core range equivalent products. 

This means reductions across the core range of two and five-year fixed rates including 80% LTV products, multi unit freehold and HMO/multi unit freehold for multi property.

Core range two-year fixed rates are now reduced by up to 0.40%, with five-year fixed rates down by up to 0.45%.

Five-year fixed 1.50% and £1,999 fee products will remain as limited editions.

For existing customers looking to switch products, residential rates have reduced by up to 0.80%, with two-year rates starting from 5.41% and five-year rates from 5.29%.

For individual and company landlords with single residential investment properties, two and five-year fixed rates have reduced by up to 0.15%, now starting from 5.89% and 5.64% respectively.

Jon Cooper, director of mortgages at Aldermore, commented: “We aim to offer solutions that genuinely support a wide range of customer circumstances, giving both landlords and owner occupiers more of the options they need. Our brokers are a vital component in making that happen. As part of that, we’re committed to offering brokers flexible and competitive products, as well as a consistently high standard of hands-on service.”