Aldermore cuts commercial rates

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

Rob Lankey, Aldermore’s commercial mortgages managing director, 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.”