Director highlights the bank's commitment to support landlords with new rates
Aldermore Bank has announced the reintroduction of its limited edition buy-to-let (BTL) mortgage products, effective today, aiming to provide individual and company landlords with enhanced options for financing residential investment properties.
The new offerings cater to both single property landlords and those managing multiple properties. The revised product range includes competitive rates across two and five-year fixed terms, along with various fee structures designed to meet diverse financing needs.
For individual and company landlords with single residential investment properties, the following rates are available:
- Two-year fixed rate: 4.84% with a 3% fee, up to 75% loan-to-value (LTV)
- Five-year fixed rates:
- 5.69% with zero fee, up to 75% LTV
- 5.39% with a 1.5% fee, up to 75% LTV
- 4.69% with a 5% fee, up to 75% LTV
For those managing multiple residential investment properties, the product options include:
- Two-year fixed rate: 4.79% with a 3% fee, up to 75% LTV
- Five-year fixed rates:
- 5.64% with zero fee, up to 75% LTV
- 5.34% with a 1.5% fee, up to 75% LTV
- 4.64% with a 5% fee, up to 75% LTV
All of the new rates come with complimentary valuations for purchases, remortgages, and incorporation, as well as assistance with legal costs for remortgages.
Jon Cooper (pictured), director of mortgages at Aldermore, highlighted the bank’s commitment to meeting the needs of landlords, stating, “We continually review our range to ensure we’re providing our customers with products which complement their needs at rates they deserve. We’re pleased to reintroduce our two and five-year limited edition range to better support landlords and their needs, to go for it in life and in business.”
Aldermore focuses on providing financial support to individuals and businesses, particularly those underserved by traditional banks. The organisation comprises two operating companies: Aldermore Bank PLC, which offers financing for business owners, homeowners, and landlords, and MotoNovo Finance, which assists customers in purchasing vehicles. Aldermore operates online, by phone, and through various networks, and is part of the FirstRand Group, the largest financial services group in Africa by market capitalisation.
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