Aldermore launches limited edition changes across but-to-let products
Aldermore has launched two limited edition changes to its standard buy-to-let product range.
The new rates are available for loans from £25k up to £1m, on Aldermore’s Limited Edition 5 Year Fixed Rate range and available to individuals applying for buy-to-let mortgages on single residential units.
The changes are:
– 3.18% to 70% LTV (loans up to £1m)
– 3.25% to 75% LTV (loans up to £600k) Additional information:
– Available for private individuals on purchases and remortgages
– A product fee of 1.50%
– An application fee of £199
Charles Haresnape, group managing director mortgages, Aldermore, said:
“In spite of a number of changes across the industry, we continue to see strong growth in the buy-to-let sector. The rush to beat the stamp duty deadline meant that there were 8 per cent more new properties advertised to rent in the second quarter of this year when compared to the year earlier, and the underlying fundamentals of the buy-to-let market remain strong.
“As a specialist lender, we understand the needs of our customers. Through the changes we’ve made today we will continue to support landlords by updating our product range to suit them.”