Aldermore Bank cuts buy-to-let rates
Aldermore Bank cuts buy-to-let rates
Aldermore has reduced buy-to-let mortgage products at 75% loan-to-value, with rates starting from 5.88%.
For multi property individuals and company landlords with single residential property there is a 2-year discount rate of 5.88% with a ÂŁ1,999 fee.
Other options are a 2-year fixed at 6.19% as well as a 5-year fixed at 6.19%, both with a 1.50% fee.
There is also a fee-free option at 6.49%.
Jon Cooper, head of mortgages at Aldermore, said: “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.”
For individual landlords with single residential investment properties there are the following options, all to 75% loan-to-value: 2-year discounted at 5.98% (with ÂŁ1,999 fee); 2-year fixed at 6.29% (with 1.50% fee); and a 5-year fixed rate at 6.29% (with 1.50% fee)
Rates for company landlords with single properties are slightly higher: 2-year discounted 5.98% (1,999 fee); 2-year fixed 6.29% (with 1.50% fee); 5-year fixed 6.29% (with 1.50% fee); 5-year fixed 6.59% (no fee).
HMO and multi-unit freeholds products: 2-year discounted 6.48% (ÂŁ1,999 fee); 2-year fixed 6.59% (with 1.50% fee); 5-year fixed 6.59% (with 1.50% fee); 5-year fixed 6.89% (with ÂŁ0 fee)
Multi property individuals and company landlords with HMO and multi-unit freeholds: 2-year fixed 6.49% (with 1.50% fee); 5-year fixed 6.49% (with 1.50% fee); 5-year fixed 6.79% (with ÂŁ0 fee).