Aldermore has cut rates across its BTL range by up to 35bps.
Individual and company landlords, with single properties, can now access two-year fixed-rate mortgages from 3.49% and five-year fixed-rate mortgages from 4.34%.
Those with multiple properties can access two-year fixed-rate mortgages from 3.44% and five-year fixed-rate mortgages from 4.29%.
Reductions have also been made for HMOs and MUFBs.
With these properties, individual and company landlords with HMOs and MUFBs can access two-year fixed-rate mortgages from 3.69% and five-year fixed-rate mortgages from 4.44%.
Landlords with multiple HMO and MUFB properties can access two-year fixed-rate mortgages from 3.64% and five-year fixed-rate mortgages from 4.39%.
These products apply for new customers, but Aldermore has also enacted rate cuts for product switch options.
Under product switch, individual and company landlords with single residential investment properties can access rates from 5.79%.
Existing customers with HMOs and MUFBs can access rates from 5.89%.
All Aldermore’s BTL offerings can be accessed at a range of different fee options.
“We know it’s a competitive market right now and lenders must be proactive if they want to win business from brokers,” said Jon Cooper, director of mortgages at Aldermore.
“The latest changes to our BTL range are designed to support landlords at every stage of their journey, from first-time investors to experienced portfolio holders, while our broader mortgage range continues to help residential customers find the right solution for their homeownership needs.”
Aldermore has also cut rates, by up to 25bps, on its residential offerings.
