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news | 1 hour ago | Jon Yarker

Aldermore cuts BTL rates by up to 45bps

Aldermore has made a range of cuts across its BTL range by up to 45bps, as well as introducing new limited edition products.


With immediate effect, two- and five-year fixed core rates have been reduced by 20bps and 15bps respectively.

These apply to both companies and individuals with single residential investment properties and multi-property investment property portfolios.

In addition, the lender has unveiled three new two-year fixed products with rates available from 3.59%, 4.59% and 6.09% depending on the fee.

For HMOs and MUFBs, two and five-year fixed core rates have been reduced by 45bps and 30bps across these respective periods.

Similarly, three two-year fixed products have been launched for these uses as well with rates from 3.74%, 4.74% and 6.24%, again depending on the fee.

All new products are available at 75% LTV.

Rate cuts have been made on product switch offerings for landlords.

Selected two-year year fixed rates have been reduced by up to 45bps, and selected five-year fixed rates have been reduced by up to 30bps.

"By listening closely to our broker partners, we continue to develop tailored, flexible products that reflect the varied and increasingly complex needs of today's homeowners and landlords,” said Jon Cooper, director of mortgages at Aldermore.

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