Aldermore this week launched a new limited edition rate on its standard and specialised buy-to-let product range. The new rate is available for loans from £250k up to £1m, and is available to both individuals and limited companies applying for standard residential units.
- Available immediately, the new product includes:
- Initial rate of 3.93% for 2, 3 and 5 Year Fixed Rates available up to 80% LTV
- Availability for both for purchase and remortgage
- Completion fee of 1.50%
- Booking fee £199
Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, said:
“Aldermore looks to support buy-to-let investors wherever possible, and our newest competitive rate is a sign of that commitment. By offering the same rate for 2, 3 and 5 year fixes, customers will have the flexibility to make the best decision for their situation, rather than feeling steered towards a fix that may not be a perfect fit.
“Buy-to-let mortgages accounted for a quarter of all home loans granted in March, and while much has been made of the recent changes, the majority of landlords see buy-to-let property as a long term investment, and we can expect to see robust growth in the sector during the rest of the year.”
