Aldermore Bank, Precise, Gen H, Fleet Mortgages, and Gatehouse Bank unveil rate adjustments and new product launches
Several mortgage lenders have announced fresh rate reductions and the launch of limited edition products across residential and buy-to-let ranges, aiming to enhance affordability and broaden options for both new buyers and property investors.
Specialist lender Aldermore has unveiled a series of fixed rate reductions for both residential owner-occupiers and BTL landlords, applicable to new and existing customers. Residential fixed rates have been reduced by up to 0.30%, with new rates starting from 5.29% depending on loan-to-value (LTV) bands.
For buy-to-let, new limited edition offerings include two- and five-year fixed products with fees ranging from 1.5% to 5%, targeting individual and company landlords, including those with houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs). Rates start at 3.54% for multi-property landlords.
“In the wake of the market volatility we’ve seen over recent weeks, we’re reducing our rates across a wide range of BTL and residential owner occupier mortgages, whilst introducing our latest wave of limited edition BTL products,” said Jon Cooper (pictured left), director of mortgages at Aldermore.
Precise, a specialist lender under OSB Group, has also expanded its residential mortgage line-up with new limited edition products designed for customers who may not meet mainstream criteria.
The additions include a two-year fixed product from 4.79% with a 1% fee and a five-year fixed option starting at 5.14% with no fees, refunded valuation, and £300 cashback. The five-year products are available up to 95% LTV.
“We are committed to delivering residential solutions to brokers with residential customers who may not fit mainstream lender criteria,” said Adrian Moloney (pictured centre), intermediary sales director at OSB Group.
Meanwhile, residential mortgage lender Gen H has implemented its third rate cut in recent weeks, with a focus on two-year fixed products.
Rates at 90% LTV and below were reduced by 15 basis points (bps), while 95% LTV options were lowered by 30bps. These reductions apply across standard, homebuying, and retention ranges.
“With this latest rate cut, we’re doubling down on our mission to make homeownership possible for more people,” said Pete Dockar (pictured right), chief commercial officer at Gen H.
Elsewhere, buy-to-let specialist Fleet Mortgages has cut rates by 15bps on a range of two- and five-year fixed deals across its standard, limited company, and HMO/MUFB segments.
At 75% LTV, rates now start from 4.14% for properties with EPC ratings of ‘A’ to ‘C’, and 4.24% for those without. Five-year fixed rates with no completion fees have been reduced to 5.34% at 65% LTV and 5.44% at 75% LTV.
“These new rates are highly competitive and should allow advisers to present a positive mortgage picture to their landlord borrower clients,” said Steve Cox (pictured above), chief commercial officer at Fleet Mortgages.
In a similar move, Shariah-compliant Gatehouse Bank also announced a 0.24% cut to rental rates across its two-year fixed term BTL Purchase Plans.
The changes apply to standard and green BTL products available to UK expats and international residents, including those purchasing HMOs and MUFBs. Rates now start at 4.49% for UK expats and 4.58% for international residents.
“We remain committed to providing our customers with great value and support when financing property with us,” said Gemma Donnelly (pictured above), head of customer propositions at Gatehouse Bank.
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
