It also increases its maximum lending age limit to 75
Aldermore has launched new buy-to-let mortgage products at 75% loan-to-value (LTV) and residential owner-occupied products at up to 90% LTV.
The lender’s new buy-to-let products are fixed at five years with a 5% product fee and both have rates of 5.09% at 75% LTV. One is for individual and company landlords with single residential investment properties and the other is a multi-property product for individual and company landlords with residential investment properties.
The new residential owner-occupied products are 65% to 90% LTV three-year fixed with £999 and zero fee options and 65% to 90% LTV five-year fixed with a £1,999 fee option.
Aldermore has also changed its maximum lending age limit to 75.
“We know landlords and homeowners can often be overlooked by high street lenders, so it’s important to ensure they have choice when it comes to finding a mortgage that is right for them,” stated Jon Cooper (pictured), Aldermore’s head of mortgages.
“At Aldermore, we continually review our product range and affordability measures to ensure we can best support our customers and their needs, and that’s why we’ve also increased our maximum borrowing age to 75.”
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