Aldermore overhauls mortgage ranges with new products and rate cuts

Aldermore has announced a major update to its mortgage offering, introducing a wide range of new products alongside rate reductions across its buy-to-let, residential and product switch ranges. 

The changes include new limited edition buy-to-let deals, reduced rates across two and five-year fixed products, and further pricing improvements within the product switch range.

In its residential range, Aldermore has launched new three-year fixed rates, reduced two-year fixes by up to 0.42% and five-year fixes by up to 0.33%. There are also new cashback products and £1,999 fee variants across two, three and five-year fixed rates.

In Aldermore's buy-to-let new business range, individuals and companies with single residential investment properties can access new limited edition two-year fixed rates from 4.79% with a 3% fee and five-year rates from 5.14% with a 5% fee. Portfolio landlord equivalent products are available from 4.74% and 5.09% respectively, with HMO rates from 5.19% and 5.39%.

Elsewhere in its HMO and multi-unit freeholds range, two and five-year core rates have reduced by 0.20% and additional rate and fee options are available.

Across Aldermore's retention range, residential two-year fixed rates have reduced by up to 0.42%, buy-to-let two-year fixed rates are down by 0.20%, and new five-year fixed rates have launched.