Aldermore launches limited edition products and cuts rates by up to 0.30%

Aldermore has introduced a raft of new limited edition buy-to-let products and announced rate reductions across its buy-to-let and residential ranges for both new and existing customers.

In its residential range, all Level 1 (0% – 80% LTV) products have reduced by up to 0.15%, with rates now starting from 5.29%.

Level 1 80-95% LTV rates have decreased by up to 0.20%, now starting from 5.89%, while all Level 2 80-90% LTV rates are down by up to 0.30% to start from 6.39%.
 
Level 2 and 3 rates up to 80% LTV have reduced by 0.10%, starting at 5.79%.

In Aldermore's buy-to-let range, new products have launched for individual and company landlords with single residential investment properties. A two-year fix with a 5% fee is available at 3.59% up to 75% LTV while a five-year equivalent product is available at 4.69%. The lender has also launched new two and five-year fixed rates up to 80% LTV with a 1.5% fee, starting from 5.69%.

In its multi property range, two and five-year fixed rates with a 5% fee have launched at 3.54% and 4.64% respectively, available up to 75% LTV.

Aldermore has also launched two-year fixed rates for HMO and multi unit freehold from 3.94%.

For existing customers, all residential fixed rates have reduced by up to 0.20% and new two and five-year fixed rates have launched at 90% LTV with no fee, starting from 6.34%.

Jon Cooper (pictured), director of mortgages at Aldermore, commented: “In the wake of the market volatility we’ve seen over recent weeks, we’re reducing our rates across a wide range of buy-to-let and residential owner occupier mortgages, whilst introducing our latest wave of limited edition buy-to-let products. We’re always striving to offer significant choice as well as compelling value to our intermediary partners and their clients.”