Aldermore launches new limited edition BTL products for landlords

Aldermore has unveiled a new limited edition BTL and product switch range priced 20 basis points below its core products.

It comes after the lender unveiled a new five tier cascade lending approach, designed to help brokers find solutions for more customers whose circumstances may not fit traditional high street criteria such as first time buyers, self employed applicants, contractors and customers with complex income.

The limited edition range includes a two-year fixed rate with zero fees at 6.09% or at 5.89% with a £1,999 fee.

The LTV for both is 75% and it is aimed at individuals and companies with single residential investment properties.

There is also a new two-year fix with zero fees at 6.04% or at 5.84% with a £1,999 fee, both at 75% LTV for multi property residential investment portfolios.

Those looking for a product switch can also consider a two-year deal at 6.39% with no fee for 70% LTV. This can be used by individuals and companies with single residential investment properties.

Jon Cooper, director of mortgages at Aldermore, said: “These latest changes demonstrate our ongoing commitment to supporting brokers and their clients.

“We're focused on maintaining a competitive proposition, backed by the service and flexibility brokers value.

“As the market evolves, we'll continue to invest in the areas that help brokers to succeed.”