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Aldermore makes changes to owner-occupied and BTL mortgages

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Aldermore has launched a range of discounted variable, fixed-rate buy-to-let (BTL), and residential owner-occupied mortgages.

The new discounted rates include a two-year discount rate of 5.23% to 80% loan-to-value (LTV) with a fee of £999.

The lender has also launched a two-year discount rate of 5.73% to 90% LTV with a fee of £999.

Meanwhile, the reduced residential owner occupied two- and five-year fixed standard level one to 80% LTV have a rate of 6.98% with a fee of £999.

The residential owner-occupied high LTV with zero fees two-year fixed to 90% LTV has a rate of 8.28% while the five-year has a rate of 8.38%.

The residential owner-occupied level two range with a fee of £999 two-year fixed at 90% LTV has a rate of 7.88% and the five-year has a rate of 7.98%.

Aldermore has also announced enhancements to its BTL mortgage range.

The BTL product for individual landlords with single residential investment properties and the product for company landlords with single residential investment properties both are a two-year discount, with a fee of £1,999 and have a rate of 5.98% to 75% LTV.

New BTL two- and five-year fixed rates for houses of multiple occupancy (HMO) and multi-unit freeholds have rates of 7.29% and 7.44% respectively. Both have a 1.50% fee and go up to 75% LTV.

BTL fixed rates for multi-property individuals and company landlords with single residential investment properties start at 6.89% for a two-year fix and 7.19% for a five-year fix. Both have a 1.50% fee and go up to 75% LTV.

Aldermore head of mortgages Jon Cooper says: “We’re delighted to introduce improvements to our mortgage range, providing new pricing to support prospective and existing homeowners and landlords.”

Original Article

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