It will also introduce a new product on its BTL range
Aldermore has announced that it is reintroducing its buy-to-let and residential owner-occupied mortgages, for both new and existing customers, from tomorrow, July 21.
The lender said it would also introduce a new product on its BTL range, offering five-year fixed rates with a 3% fee at up to 75% loan-to-value (LTV).
Relaunching its products, the bank will be offering individual landlords and company landlords with single residential investment properties two- and five-year buy-to-let fixed rates, available at 75% LTV, with rates starting from 6.23%.
For individuals, companies, houses in multiple occupation (HMOs), and multi-unit freehold blocks (MUFBs) up to six bedrooms or units, two- and five-year BTL fixes will be available at 75% LTV, with rates from 6.73%.
Multi-property products will also be made available for individual and company landlords with residential investment properties, with rates of two- and five-year BTL fixes at 75% LTV starting from 6.13%. Multi-property products for individuals, companies, HMOs, and MUFBs up to six bedrooms or units have rates that start from 6.73%.
For large loan HMOs and MUFBs of seven to 12 bedrooms or seven to 20 units, two- and five-year fixed rates will also be available from 6.73%.
Under Aldermore’s residential owner-occupied range, standard level 1 products two- and five-year fixed rate products will have rates starting from 7.14% at 75% LTV and rates from 7.49% at 80% LTV. Standard level 2 products will also be accessible at rates from 7.84% at 75% LTV and at rates from 8.14% at 80% LTV.
Aldermore said that for existing customers across product switch ranges, all products were fee free.
“We’re pleased to be back in the market with our buy-to-let and residential owner-occupied mortgages, helping both new and existing customers to achieve their property aspirations,” stated Jon Cooper (pictured), head of mortgages at Aldermore. “Now we’re back in the market, our aim is to continue to help people who’ve been overlooked by the high street banks, enabling them to go for it in life and business.”
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