Aldermore reduces residential and buy-to-let rates

Aldermore has today cut rates across its buy to let and owner-occupied mortgages.

Across its buy-to-let product range for individual or company landlords with single residential investment properties, at 75% LTV a two-year discounted rate starts at 5.98% with a £1,999 fee, while two and five-year fixed rates are available at 6.29% with a 1.50% fee.

For HMO and multi-unit freeholds, a two-year discounted rate starts at 6.48% and two and five-year fixed rates have reduced to 6.59%, all available at 75% LTV.

Multi property landlords can now access fixed rates from 6.19% for single properties and 6.49% for HMO and multi-unit freeholds.

Across Aldermore's residential offering, its standard range offers a two-year discounted rate of 5.23% up to 80% LTV and 6.23% up to 90% LTV with a £999 fee.

At 75% LTV, two and five-year fixed rates now start at 6.21% with a £999 fee and from 6.31% with no fee. At 80% LTV, two and five-year fixes start at 6.61% with a fee and 6.71% fee-free.

At 85% LTV, two-year fixed rates have reduced to 7.04% with a £999 fee and 7.29% fee-free. Five-year fixes start at 7.14% with a fee and 7.24% fee-free.

At 90% LTV, two-year fixed rates are available at 7.98% with a fee and 8.23% fee-free, while five-year fixes start at 8.08% with a fee and 8.18% fee-free.

Its standard level 2 range offers two and five-year fixed rates from 6.99% at 75% LTV and 7.39% at 80% LTV with a £999 fee.

Its level 2 range for remortgage only is fee-free and has rates from 7.11% at 75% LTV and 7.51% at 80% LTV.

Jon Cooper, head of mortgages at Aldermore, commented: “We’re delighted to announce improvements across our mortgage range to better support prospective and existing homeowners and landlords, especially when so many people are facing stark challenges compared to this time last year. Aldermore is always here to help those overlooked by the bigger high street banks, getting finance where it’s needed and helping more people to go for it in life and in business.”