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:
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
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