Aldermore cuts rates on 3-year fixed commercial range

Three-year fixed rates have been reduced from 6.19% to 5.99% on the complete range of investment and owner-occupied products.

Residential investment rates at 70% LTV have fallen to 5.89% on both interest only and capital and interest options, having previously been 6.19%.

The new rates in full are:

Residential Investment Reduced from 6.19% to 5.89%
- Amortising up to 70% LTV
- Interest only for 2 years up to 60% LTV
- Interest only for 3 years up to 50% LTV
- Interest only for 10 years up to 70% LTV

Commercial Investment & Commercial Owner Occupied at Reduced from 6.19% to 5.99%
- Amortising up to 70% LTV
- Interest only for 2 years up to 60% LTV
- Interest only for 3 years up to 50% LTV

Commenting on the release of the reduced rates, Aldermore’s Commercial Mortgages Managing Director, Rob Lankey, said:

“In light of the recent GDP figures and the Bank of England’s decision to hold the base rate at half a per cent yet again, there is more optimism about the British economy and as a consequence, greater certainty for investors too.

“We are seeing greater activity across the commercial and residential investment mortgage sector and these new rates demonstrate Aldermore’s continued determination to offer competitive rates across the market.”