Aldermore refreshes company BTL product range

The specialist bank has reduced its company BTL remortgage, company multi-property purchase and remortgage products.

Through the adjustments, Aldermore aims to help landlords looking for long-term stability when planning to grow their portfolio to purchase multiple properties or remortgage.

The revamped products include:

Company BTL remortgage only — reduced by 0.3%

• 75% LTV, five-year fixed initial rate of 3.98%
• 80% LTV, five-year fixed initial rate of 4.58%

Company BTL multi-property purchase and remortgage — reduced by 0.3%

• up to 75% LTV, five-year fixed initial rate of 3.78%
• up to 80% LTV, five-year fixed initial rate of 4.38%

“BTL activity has stabilised in recent years as the sector has settled after a number of regulatory changes, and many landlords are now looking at how they can manage their portfolios in the future,” said Damian Thompson, director of mortgages at Aldermore (pictured above).