Aldermore enhances buy-to-let range with lower rates and new limited editions

Aldermore has launched new and reduced buy-to-let limited edition mortgage products.

In its range for landlords with single residential investment properties, Aldermore has launched new five-year fixed rates at 75% LTV, starting from 4.92% with a 1.5% fee and 5.14% with a £1,999 fee.

It has also reduced two-year fixed rates by 15bps, now available from 3.14% at 75% LTV with a 5% fee and 5.64% with no fee.

For portfolio landlords, the lender's multi property range has seen new five-year fixes launch at 4.87% with a 1.5% fee and 5.09% with a £1,999 fee. Two-year fixes are down by 15bps to 3.09% with a 5% fee and 5.59% fee-free.

In its range for HMOs, Aldermore has launched new two and five-year fixed rates at 75% LTV. Two-year fixed rates start from 3.49% with a 5% fee and 5.99% fee-free, with five-year fixes at 5.54% with a £1,999 fee and 5.64% fee-free.

Jon Cooper, director of mortgages at Aldermore, commented: “Our recent research demonstrates that landlords across the country are enjoying better profits and yields than they have for several years, however, they still face challenges and the future looks uncertain for some.

"At Aldermore, we’re committed to helping the many brilliant landlords active in the market. We achieve this by working with our broker partners to offer competitive rates and personable, tailored services.”