Aldermore cuts rates on BTL mortgages and introduces limited edition product

Aldermore cuts rates across a range of its buy to let (BTL) mortgages
The specialist lender also launches a limited edition BTL product on a 5 year fixed term up to 65% LTV

Aldermore is reducing rates across its BTL range whilst also introducing a new limited edition product, effective from today 3 July 2024.

The bank’s limited edition product is on a 5 year fixed term basis up to 65% LTV, and is amongst the most attractively priced options available in the market as of the time of publishing. The products are priced as per below:

All BTL fixed rates reduced by 0.20%
New limited edition on a 5 year fixed term up to 65% LTV:
- 5 year fixed 5.89% with zero fee
- 5 year fixed 5.59% with 1.50% fee
- 5 year fixed 4.89% with 5.00% fee

Aldermore’s rate reductions come hot on the heels of its recent research into how landlords contribute significant sums to local economies across the country. Nearly eight out of ten (79%) landlords opt to use tradespeople based near their rental properties, spending on average £6,003 a year each on local services¹.

In addition, the specialist lender’s research showed that seven out of 10 (69%) UK renters report having a positive experience with their landlord, equivalent to five million renters².

Jon Cooper, director of mortgages at Aldermore, comments:

“Being a landlord presents unique challenges and we don’t take the loyalty of our landlord customers for granted. We’re pleased to introduce our new limited edition product and offer a range of cheaper rates, backing more landlords to go for it in life and business.”

**Ends**

Notes to Editors

¹ Landlords support local economies with £6k annual boost

² Over 5 million renters report having a good landlord, despite challenging rental market

For further information contact:

For further information, journalists can contact our PR Team.

For further information about Aldermore, please review our Notes to Editors page.