Lower-priced products are now available for both new and existing customers
Aldermore has reduced rates across its buy-to-let and owner-occupied mortgages.
Reductions of up to 1% on buy-to-let rates and up to 0.84% on owner-occupied mortgages are effective immediately, and the updated product rates are now available for both new and existing customers.
The following products can be availed by individual landlords with single residential investment properties:
- Up to 75% loan-to-value (LTV), two-year discounted 5.98% (Aldermore Managed Rate or AMR less 2%) with £1,999 fee
- Up to 75% LTV, two-year fixed 6.29% with 1.50% fee
- Up to 75% LTV, five-year fixed 6.29% with 1.50% fee
Products for company landlords with single residential investment properties are:
- Up to 75% LTV, two-year discounted 5.98% (AMR less 2%) with £1,999 fee
- Up to 75% LTV, two-year fixed 6.29% with 1.50% fee
- Up to 75% LTV, five-year fixed 6.29% with 1.50% fee
- Up to 75% LTV, five-year fixed 6.59% with £0 fee
For houses in multiple occupation (HMOs) and multi-unit freeholds:
- Up to 75% LTV, two-year discounted 6.48% (AMR less 1.50%) with £1,999 fee
- Up to 75% LTV, two-year fixed 6.59% with 1.50% fee
- Up to 75% LTV, five-year fixed 6.59% with 1.50% fee
- Up to 75% LTV, five-year fixed 6.89% with £0 fee
For multi-property individuals and company landlords with single residential investment properties, the following products are available:
- Up to 75% LTV, two-year discounted 5.88% (AMR less 2.10%) with £1,999 fee
- Up to 75% LTV, two-year fixed 6.19% with 1.50% fee
- Up to 75% LTV, five-year fixed 6.19% with 1.50% fee
- Up to 75% LTV, five-year fixed 6.49% with £0 fee
Multi-property individuals and company landlords with HMOs and multi-unit freeholds may consider the following products:
Up to 75% LTV, two-year fixed 6.49% with 1.50% fee
Up to 75% LTV, five-year fixed 6.49% with 1.50% fee
Up to 75% LTV, five-year fixed 6.79% with £0 fee
Under Aldermore’s residential owner-occupied mortgage range, the standard level 1 £999 fee products are:
- Up to 80% LTV, two-year discounted 5.23% (AMR less 2.75%)
- Up to 75% LTV, two-year fixed 6.21%
- Up to 75% LTV, five-year fixed 6.21%
- Up to 80% LTV, two-year fixed 6.61%
- Up to 80% LTV, five-year fixed 6.61%
Standard level 1 products with no fee are:
- Up to 75% LTV, two-year fixed 6.46%
- Up to 75% LTV, five-year fixed 6.31%
- Up to 80% LTV, two-year fixed 6.86%
- Up to 80% LTV, five-year fixed 6.71%
The following are the lender’s high LTV products with £999 fee:
- Up to 90% LTV, two-year discounted 6.23% (AMR less 1.75%)
- Up to 85% LTV, two-year fixed 7.04%
- Up to 85% LTV, five-year fixed 7.14%
- Up to 90% LTV, two-year fixed 7.98%
- Up to 90% LTV, five-year fixed 8.08%
Also available are high LTV products with £0 fee:
- Up to 85% LTV, two-year fixed 7.29%
- Up to 85% LTV, five-year fixed 7.24%
- Up to 90% LTV, two-year fixed 8.23%
- Up to 90% LTV, five-year fixed 8.18%
For standard level 2 products with £999 fee:
- Up to 75% LTV, two-year fixed 6.99%
- Up to 75% LTV, five-year fixed 6.99%
- Up to 80% LTV, two-year fixed 7.39%
- Up to 80% LTV, five-year fixed 7.39%
Those standard level 2 products with £0 fee range and for remortgage only:
- Up to 75% LTV, two-year fixed 7.26%
- Up to 75% LTV, five-year fixed 7.11%
- Up to 80% LTV, two-year fixed 7.66%
- Up to 80% LTV, five-year fixed 7.51%
Aldermore launched a number of these residential owner-occupied and buy-to-let mortgage products last October.
“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,” Jon Cooper (pictured), head of mortgages at Aldermore, commented.
“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.”
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