Aldermore cuts residential and buy-to-let rates by up to 0.40%

Aldermore has reduced rates across its residential and buy-to-let mortgage ranges for both new and existing customers.

For new residential customers, all two and five-year fixed rates up to 80% LTV have reduced by 0.20%, with rates from 5.24%, and all three-year fixes are down by 0.15%, now starting from 5.64%.

In Aldermore's buy-to-let range, two-year fixed rates up to 75% LTV have reduced by 0.40%, five-year fixes are down by 0.30%, and five-year limited edition products have decreased by 0.25%.

As a result, landlords with single residential investment properties can now access two-year fixes from 4.69% and five-year fixes from 4.59%.

Multi-property two-year fixed rates now start from 4.74% and five-year fixes from 4.54%, with HMO and  multi unit freehold rates down to 4.94% and 4.74% respectively.

For existing customers, all fixed rates up to 80% LTV have reduced by up to 0.20%.

Existing buy-to-let borrowers will benefit from cuts of up to 0.40% across two and five-year fixes for individual, HMO and large HMO products.

Jon Cooper, director of mortgages at Aldermore, commented: “My message to brokers is simple; don’t wait and act now to secure lower rates for your clients. Aldermore also offers industry-leading low fees, with real experts on hand to offer intelligent solutions. We have compelling deals ready for you, whether your client is a landlord, a first time buyer or someone moving home, so give us a call today.”