Aldermore sharpens buy-to-let offering with new HMO enhancements

Aldermore has introduced a series of enhancements to its buy to let (BTL) proposition, placing particular emphasis on support for landlords operating in the houses in multiple occupation (HMO) sector. All changes are available with immediate effect.

As part of the revised offering, Aldermore will now provide free valuations on single HMOs with up to six bedrooms, although this excludes multi-property products. Interest cover ratio (ICR) thresholds have been reduced, aiming to help landlords boost affordability and expand borrowing potential. This applies across HMOs, multi-unit freeholds, and other residential investment properties.

A new tailored case management service has also been introduced to support applicants throughout the mortgage journey. This is intended to ensure more consistent communication and smoother progression from initial application to completion.

The lender has also adjusted its conveyancing approach, now offering borrowers the choice between managed and open panel options. On remortgages, assisted legal fees are available to help reduce costs.

In terms of lending limits, Aldermore is now offering up to £2 million at 65% loan-to-value (LTV) and £1.5 million at 75% LTV for HMOs and multi-unit freeholds.

“We believe that this enhanced BTL proposition supports an increasing number of landlords who are moving into the HMO market,” said Jon Cooper (pictured), director of mortgages at Aldermore. “These changes again demonstrate our ongoing commitment to accessible solutions, clear communication, and expert guidance at every stage of the application process.”