Aldermore relaunches residential and buy-to-let ranges

Aldermore is reintroducing its residential and buy-to-let mortgages for both new and existing customers from Friday 21st July.

The lender will also introduce a new product on its buy-to-let range, offering five-year fixed rates with a 3.00% fee at up to 75% LTV.

In its residential standard level 1 range, two-year fixed rates start from 7.34% and five-year fixes from 7.14% at 75% LTV. At 80% LTV, two-year fixed rates are available from 7.84% and five-year fixes from 7.49%.

In Aldermore's high LTV range, at 85% LTV two-year fixed rates now start at 8.04% and five-year fixed rates at 7.69%. At 90% LTV two-year fixed rates start at 8.34% and five-year rates from 7.99%.

For standard level 2 residential products, two-year fixed rates will relaunch from 8.19% at 75% LTV and 8.49% at 80% LTV. Five-year level 2 rates are available from 7.84% at 75% LTV and 8.14% at 80% LTV.

For product switching, two-year residential rates start from 7.34% at 75% LTV, 7.84% at 80% LTV, 8.04% at 85% LTV and 8.34% at 90% LTV.

Five-year fixed rate product switches are available at 7.14% at 75% LTV, 7.49% at 80% LTV, 7.69% at 85% LTV and 7.99% at 95% LTV.

Fr buy-to-let, products for landlords with single residential investment properties include a two-year discounted product at 6.23%, available up to 75% LTV with a £1,999 fee.

Two and five-year fixed buy-to-let rates start from 7.09% with a 1.50% fee and a five-year product for properties with an EPC rating of A, B or C starts at 6.99%.

Two and five-year fixed rates relaunch at 7.59% with a 1.50% fee for individuals, companies, HMO and multi unit freeholds up to 6 bedrooms/units, from 6.99% for multi property products, and 7.69% for large loan HMOs and multi unit freeholds.

A new five-year fixed rate product with a 3% fee at 75% LTV has also launched at 6.79% for single properties, 7.29% for HMO and multi unit freeholds, from 6.69% for multi property products, and 7.39% for large loan HMOs and multi unit freeholds.

Jon Cooper, head of mortgages at Aldermore, commented: “We’re pleased to be back in the market with our buy-to-let and residential owner occupied mortgages, helping both new and existing customers to achieve their property aspirations. Now we’re back in the market, our aim is to continue to help people who’ve been overlooked by the high street banks, enabling them to go for it in life and business.”