Aldermore has launched new buy-to-let (BTL) limited edition products for landlords and made rate reductions.
The lender has added two five-year fixed products, for individuals and companies with single residential investment properties.
These include one with a rate of 4.92% and a fee of 1.5%, which is available up to 75% loan-to-value (LTV) and another with a rate of 5.14% and a fee of £1,999, available up to 75% LTV.
In the same range, the two-year fixed rate with a fee of 5% has been cut by 15 basis points to 3.14% at 75% LTV while the fee free equivalent has also been trimmed by 15bps to 5.64%, also at 75% LTV.
The lender’s multi property product range has two new products, including a five-year fixed rate at 4.87% with a 1.5% fee available up to 75% LTV and a five-year fixed rate at 5.09% with a fee of £1,999, also available up to 75% LTV.
Aldermore has also made rate reductions in the range, including the two-year fixed rate with no fee, which has been lowered by 15bps to 5.59% at 75% LTV and the two-year fixed rate with a 5% fee, which has also been trimmed by 15bps to 3.09% at 75% LTV.
For houses in multiple occupation products, there are four additional two-year fixed rate products, all available up to 75% LTV with fee and no fee options.
Aldermore director of mortgages Jon Cooper says: “Our recent research demonstrates that landlords across the country are enjoying better profits and yields than they have for several years, however, they still face challenges and the future looks uncertain for some.”
“At Aldermore, we’re committed to helping the many brilliant landlords active in the market. We achieve this by working with our broker partners to offer competitive rates and personable, tailored services.”
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by finopulse.
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