Aldermore introduces new 65% LTV limited edition rates for landlords

Aldermore today announces changes to its buy to let (BTL) proposition, introducing new limited edition products and reduced rates, effective from 26 March 2024.

The lender is launching two BTL new products for landlords: a 5 year fixed rate up to 65% loan to value (LTV) with a 1.5% fee option, in addition to a 5 year fixed rate up to 65% LTV fee free option. These are for individual and company landlords with both single and multi property residential investment properties.

Aldermore is also reducing rates on its existing 5 year fixed rate 65% LTV product with a 5% fee, with reductions of 0.1%.

The following rates are available immediately:

Individual and company landlords with single residential investment properties

5 year fixed 5.89% with zero fee (new)
5 year fixed 5.59% with 1.50% fee (new)
5 year fixed 4.89% with 5% fee (reduced by 0.1%)

Multi property for individual and company landlords with residential investment properties

5 year fixed 5.79% with zero fee (new)
5 year fixed 5.49% with 1.50% fee (new)
5 year fixed 4.79% with 5% fee (reduced by 0.1%)

Jon Cooper head of mortgages at Aldermore, comments: “At Aldermore, we continually review our mortgage range against the current market environment, and we always seek feedback from brokers on what their clients really need from their lender. We’re pleased to introduce our latest wave of limited edition products with this in mind, alongside a couple of targeted rate reductions to help more borrowers find the mortgage that’s right for them.”

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