Aldermore launches 3.99% buy-to-let fix

Aldermore has launched a 5-year fix at 3.99% to 80% loan-to-value with a 2.50% completion fee.

Aldermore has launched a 5-year fix at 3.99% to 80% loan-to-value with a 2.50% completion fee.

The rate is the same for individual investors and limited companies, while it is available for both purchase and remortgage.

Charles Haresnape, Aldermore’s group managing director, mortgages, said: “The new fixed rate product is available for both purchase and remortgage and is great for landlords who are looking to guarantee their mortgage repayments for the long-term, allowing them to better plan their investments.

“There is great demand for affordable rental accommodation, and it is vital that we support buy-to-let landlords while housing supply pressures continue to push up house prices.

“Aldermore supports both individual landlords and those investing through limited companies and recently brought our company rates in line with those available to individual landlords.”