And the lender has launched a 2-year fixed rate residential deal at 4.48% at 80% LTV.
The bank is offering a 2-year fixed rate residential mortgage at a rate of 3.98% with an LTV of 75%, as well as 4.48% with an LTV of 80% on a two year fixed rate residential mortgage, both on a limited offer with a completion fee of £999 on each product.
Charles Haresnape, managing director of residential mortgages at Aldermore, said: “With buy-to-let mortgages, it’s all about giving landlords real options and combined with our new flexible lending criteria which we announced last week, this competitive rate consolidates the enhancements into a complete Buy-to-Let proposition.”
David Whittaker, managing director of Mortgages for Business, said: “Aldermore has demonstrated yet again that it’s a serious player in the Buy-to-Let market. By filling the gaps in its lending criteria, Aldermore now has a highly competitive product line-up that should be part of any broker’s armoury. I have no doubt these changes and this highly competitive rate will be warmly received.”
