Aldermore launches new two-year and product switch buy-to-let rates
The lender has introduced product switch rates for landlords with large HMOs and multi-unit freeholds.
"In an ever-changing mortgage market, brokers are always on the lookout for timely deals that suit their clientsā unique needs.Ā "
- Jon Cooper, director of mortgages at Aldermore
Aldermore has launched new buy-to-let limited edition two-year products, as well as new product switch rates for landlords with large HMOs and multi-unit freeholds.
Limited edition two-year fixed rates are available from 4.94% up to 75% LTV with a 3% fee for individual and company landlords with single residential investment properties.
Two-year fixed rate multi property products start from 4.89% at 75% LTV with a 3% fee or 6.19% with a £1,999 fee.
New product switch rates for existing customers with large HMOs (7+) and multi unit freeholds (5+) include a two-year fix at 8.29% and a five-year fix at 7.99%, both available up to 80% LTV with no fee.
Jon Cooper, director of mortgages at Aldermore, commented: “In an ever-changing mortgage market, brokers are always on the lookout for timely deals that suit their clients’ unique needs.
"These latest limited edition rates across our buy-to-let range will help landlords, whether they’re a first-time investor or seasoned pro, to find the mortgage that’s right for them.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV āMy First Mortgageā
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: NationwideĀ
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn