Aldermore introduces new 5 year fix for buy to let customers and reduces select mortgage rates

Aldermore today (1 December 2023) announces changes to its buy to let (BTL) and residential owner occupied products. It has launched a new 5 year Fixed Rate 65% LTV limited edition buy to let product and has relaunched its 5 year fixed rate, fee free, buy to let product.

Aldermore is also reducing rates across its product range, with buy to let fixed rate products being reduced by up to 0.35%. Meanwhile, residential owner occupied fixed rate products have been reduced by up to 0.3%.

Jon Cooper head of mortgages at Aldermore, comments: “At Aldermore, we continually review our mortgage range to ensure we are providing customers with products that are tailored to support a variety of circumstances. Often existing customers miss out favourable rates targeted at new customers, so we’re pleased to offer rate reductions for both new and loyal residential owner occupied and buy to let customers, helping their money go further during these challenging times.”

The following rates are available immediately:

Individual and Company landlords with single residential investment properties:

New products

New 5 year fixed 65% LTV limited edition with a 7% fee at 4.69%
5 year fixed 75% LTV limited edition with a 5% fee will be moved into the core range
Re-launch of the 5 year fixed rate with zero fee option at 6.29%

Rate reductions

5 year fixed rates to be reduced by 0.20%
2 year fixed rates to be reduced by 0.35% reduction (including EPC products)

Multi property product for individual and company landlords with residential investment properties:

New products

New 5 year fixed 65% LTV limited edition with a 7% fee at 4.59%
5 year fixed 75% LTV limited edition with a 5% fee will be moved into the core range
Relaunch of the 5 year fixed rate with zero fee option at 6.19%

Rate reductions

5 year fixed rates to be reduced by 0.20%
2 year fixed rates to be reduced by 0.35%

Relaunch of the 5 year fixed with zero fee option for the following:

Individual & company landlords with single residential investment properties at 6.29%
Multi property product for individual and company landlords with residential investment properties at 6.19%
HMO and multi unit freehold (up to 6 bedrooms / 6 units) at 6.79%
Multi property product for individuals and company landlords with HMO and multi unit freehold (up to 6 bedrooms / 6 units) at 6.69%
Large loan HMO and multi unit freehold (7 - 12 bedrooms / 7 - 20 units) at 6.89%

Residential owner occupied rate changes for new customers:

All 2 year fixed rates reduced by 0.30% (with rates from 5.94%)
All 5 year fixed rates reduced by 0.30% (with rates from 5.54%)
All 3 year fixed rates reduced by 0.10% (with rates from 5.89%)

Loyalty residential owner occupied and Buy to Let rate changes:

Residential owner occupied

All 2 year fixed rates reduced by 0.30% (with rates from 5.94%)
All 5 year fixed rates reduced by 0.30% (with rates from 5.64%)

Buy to Let Individual and company landlords with single residential investment properties

All 2 year fixed rates reduced by 0.35% (with rates from 6.64%)
All 5 year fixed rates reduced by 0.20% (with rates from 6.29%)

**Ends**

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