Aldermore enhances buy-to-let range with new products and reduced rates

Aldermore has strengthened its buy-to-let range with fixed rate reductions and the return of a broader set of fee options.

For individuals and companies with single residential investment properties, two and five-year fixed rates have reduced by 0.20%, now starting from 3.99%.

New products include two-year fixed rates starting from 4.99% at 75% LTV with a 3% fee, reducing to 4.94% for borrowers with an EPC rating of A-C, and 6.19% up to 80% LTV with a 1.5% fee.

A 75% LTV two-year discount rate at 75% LTV has launched at 5.13% with a 1.5% fee, and a two-year fix for borrowers with an EPC rating of A-C is available at 4.94% with a 3% fee.

Five-year fixed rates at 75% LTV now start from 4.84% with a 7% fee, 5.94% with a 1.5% fee, and 6.14% with a £1,999 fee.

For multi property residential investment property portfolios, two and five-year rates have also reduced by 0.20%, starting from 3.94%.

New products include a two-year fixed rate at 4.94%, available up to 75% LTV with a 3% fee.

Five-year fixes at 75% LTV start from 4.79% with a 7% fee, 5.89% with a 1.5% fee, and 6.09% with a £1,999 fee.

For existing customers looking to switch products, two-year fixed rates have reduced by 0.20%, starting from 6.79%.

New fee-free five-year fixed rates have launched at 6.54% up to 75% LTV and 7.04% up to 85% LTV.

Jon Cooper, director of mortgages at Aldermore, commented: “At Aldermore, we’re committed to delivering real value for brokers and their landlord clients, whether they’re purchasing their first investment property or expanding a more complex portfolio.

“We understand that every landlord’s situation is different, which is why we’re focused on giving brokers the flexibility and choice they need to find the right solution. Our latest rate reductions, alongside the reintroduction of discount products and a broader range of fee options, are designed to help brokers support their clients in a changing market.”