New products target diverse property portfolios and financing needs
Two specialist lenders, Aldermore and CHL Mortgages, have both unveiled limited edition buy-to-let mortgage ranges, offering brokers and landlords new options in a competitive market.
Aldermore has introduced new two-year fixed rate products aimed at both new and existing customers. For individual and limited company landlords with single residential investment properties, rates start at 4.94% up to 75% loan-to-value (LTV) with a 3% fee. Multi-property landlords can access rates starting from 4.89% for similar terms, while options with a fixed £1,999 fee are available at 6.19%.
Existing customers managing large houses in multiple occupation (HMOs) for seven or more tenants or multi-unit freehold blocks (MUFBs) for five or more units can switch to fixed rates starting at 8.29% for two years or 7.99% for five years, both up to 80% LTV with no fees.
“In an ever-changing mortgage market, brokers are always on the lookout for timely deals that suit their clients’ unique needs,” said Jon Cooper (pictured left), director of mortgages at Aldermore. “These latest limited edition rates across our BTL range will help landlords, whether they’re a first-time investor or seasoned pro, to find the mortgage that’s right for them.”
CHL Mortgages also rolled out limited edition fixed rate BTL products for standard properties and HMOs/MUFBs with up to six bedrooms or units.
Two-year fixed rates for standard properties start at 4.04% up to 75% LTV, while five-year fixed rates begin at 4.74%. HMO/MUFB options start at 5.55% for two years or 4.78% for five years, also up to 75% LTV. A variety of fee structures is available across the range, catering to both individual and limited company landlords.
“Our new limited edition range features competitive rates to give our broker partners even more ways to support their landlord customers,” said Ross Turrell (pictured right), commercial director at CHL Mortgages. “This launch reinforces our commitment to the intermediary market by ensuring they’ve got the products at their disposal to meet their clients’ needs.”
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