The bank says that the changes will help to support landlords in securing better deals for their portfolios and that the new product will be available from Thursday 3rd March.
New limited edition product for individual landlords with single residential properties:
Two-year fixed-rate mortgage: 2.68% to 75% LTV with 1.50% fee
Reduced products for individual landlords with single residential properties:
Two-year fixed-rates reduced by 0.20%:
3.18% to 75% LTV with 1.50% fee
3.68% to 80% LTV with 1.50% fee
Five year fixed rates reduced by 0.30%:
3.68% to 80% LTV with 1.50% fee
Reduced products for individual and company landlords with single residential properties:
Two-year fixed-rates reduced by 0.20%:
3.18% to 75% LTV with 1.50% fee
3.68% to 80% LTV with 1.50% fee
3.28% to 75% LTV with £1999 fee
3.78% to 80% LTV with £1999 fee
Five-year fixed-rates reduced by 0.30%:
3.18% to 75% LTV with 1.50% fee
3.68% to 80% LTV with 1.50% fee
3.28% to 75% LTV with £1999 fee
3.78% to 80% LTV with £1999 fee
3.48% to 75% LTV with £0 fee
3.98% to 80% LTV with £0 fee
Reduced buy to let multi-property products for Individual and company landlords with single residential properties:
Two-year fixed-rate reduced by 0.20%:
2.98% to 75% LTV with 1.50% fee
Five-year fixed-rates reduced by 0.30%:
2.98% to 75% LTV with 1.50% fee
3.28% to 75% LTV with £0 fee
Jon Cooper, head of mortgage distribution, Aldermore, comments: “We’re committed to supporting a robust private rented sector that provides quality and choice to tenants across the UK. Landlords, no matter how big or small, play a significant role in today’s housing market so we believe it’s important to ensure our products continually meet their needs and help them realise their ambitions. Our latest changes will deliver greater choice for landlords in a time when many are looking at what their future portfolio strategy will be.”
