Aldermore relaunches residential and buy-to-let ranges

Aldermore is reintroducing its buy-to-let mortgage proposition and residential owner-occupied Standard Level 1, Level 2 and high LTV products for new customers.

Aldermore withdrew its product ranges last week due to market volatility.

The lender is also repricing its product switch proposition for existing residential and buy-to-let customers.

On its residential range, standard Level 1 rates now start from 6.44% fixed for two years and 6.34% fixed for five years at 75% LTV. 80% LTV products start from 6.94% fixed for two years and 6.69% fixed for five years.

Level 2 two-year fixed rates start at 7.29% at 75% LTV and 7.59% at 80% LTV. Five-year equivalents are priced at 7.04% and 7.34% respectively.

At 85% LTV, two-year fixed rates have relaunched from 7.14% fixed for two years and 6.89% fixed for five years. 90% LTV rates start at 7.44% for two year products and 7.19% for five-year fixes.

The lowest price buy-to-let products are two-year discounted rates, available from 5.88% for multi-property products and from 5.98% for single residential investment properties, both available up to 75% LTV.

Individual and company landlord rates start at 6.49% for two years and 6.39% for five years, with a five-year fix reduced to 6.29% for properties with an EPC rating of A-C.

Jon Cooper, head of mortgages at Aldermore, commented: “We’re thrilled to be back in the market with our buy-to-let and residential owner-occupied offerings. Withdrawing products was always a temporary measure and we’re pleased to offer a competitive range, giving customers even more choice to support their goals.

"Both our borrowers and our savers are the driving focus of everything we do at Aldermore, and we’re passionate about finding ways to support all of our customers to go for it in life and in business.”