Aldermore cuts residential mortgage rates by up to 0.50%

Aldermore has announced rate reductions across its residential and buy-to-let mortgage ranges.

For new customers, buy-to-let rates have reduced by up to 0.20% and residential rates are cut by up to 0.50% up to 80% LTV. 

Additionally, Aldermore has launched new residential limited edition two and three-year fixed rates up to 80% LTV, with a 1% discount off its reversion rate.

For existing customers, all buy-to-let fixed rates have reduced by up to 0.20% and residential fixed rates up to 80% LTV have reduced by up to 0.40%.

Jon Cooper, director of mortgages at Aldermore, commented: “We’re pleased to introduce a wide array of rate cuts to support brokers in finding solutions for their clients. These reductions give both landlords and homebuyers valuable choice and competitive pricing, at a time when the optimism and outlook within the market starts to grow.”