It also launches reduced BTL rates for energy efficient properties
Aldermore has announced a raft of rate reductions across its owner-occupied and buy-to-let ranges, following on from previous discounts announced last month.
The new rates offer reductions of up to 0.75% for landlords and up to 1.34% for owner-occupiers.
The bank is also introducing reduced buy-to-let rates for properties with an energy performance certificate (EPC) rating of ‘A’ to ‘C’.
On its buy-to-let product range, individual and company landlords with single residential investment properties may avail of two- and five-year fixes at up to 75% loan-to-value (LTV), with rates from 4.98%. For houses in multiple occupation (HMOs) and multi-unit freeholds (MUFs), fixed rates at up to 75% LTV are available, starting from 5.48%.
Multi-property individuals and company landlords with single residential investment properties have two- and five-year fixed rate options at up to 75% LTV, with rates starting at 4.88%. Multi-property individuals and company landlords with HMOs and MUFs have a two-year fix and a couple of five-year fixes to choose from, at up to 75% LTV with rates from 5.94%.
Under the lender’s residential owner-occupied mortgage range, standard level 1 products with a £999 fee start at 4.98%, while those with zero fee start at 5.49%. High LTV products up to 85% to 90% with a £999 fee have rates from 6.23%, while those with zero fee have rates from 6.44%.
Standard level 2 products with a £999 fee range have rates starting at 6.09%, while those with zero fee have rates from 6.19%.
The complete list of products impacted by the latest rate reductions can be found online through Aldermore’s website.
“These latest rate reductions offer more people the chance to get the finance they need, and Aldermore is always here for those that the big traditional banks can’t or won’t help,” Jon Cooper (pictured), head of mortgages at Aldermore, commented. “We’ve also launched reduced buy-to-let rates for properties with an EPC rating of ‘A’, ‘B’, or ‘C’, benefitting landlords who’ve made their properties energy efficient, especially ahead of the new EPC rules coming into effect in 2025.”
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