Aldermore launches new buy-to-let residential owner-occupier mortgage range

Aldermore has today introduced a range of new products to its buy to let and residential owner occupied mortgage range, aimed at supporting borrowers with different needs.

They’ve reintroduced their standard level 1 residential owner occupied range and their level 2 and 3 range that supports those with more complex borrowing needs. With 2 and 5 year fixed rates available for first time buyers, home movers, remortgagers and the self-employed.

They have also reintroduced buy to let products with varying fee options, supporting those portfolio landlords looking to purchase or remortgage.

 Residential owner occupied range

Standard level 1 £999 fee range:	Standard level 1 fee free range:
Up to 75% LTV, 2 year fixed 3.08% Up to 75% LTV, 5 year fixed 3.28% Up to 80% LTV, 2 year fixed 3.38% Up to 80% LTV, 5 year fixed 3.58%	Up to 75% LTV, 2 year fixed 3.38% Up to 75% LTV, 5 year fixed 3.68% Up to 80% LTV, 2 year fixed 3.58% Up to 80% LTV, 5 year fixed 3.88%
High LTV  £999 fee range:	High LTV fee free range:
Up to 85% LTV, 2 year fixed 4.08% Up to 85% LTV, 5 year fixed 4.28% Up to 90% LTV, 2 year fixed 4.68% Up to 90% LTV, 5 year fixed 4.88% Up to 95% LTV, 2 year fixed 5.28% Up to 95% LTV, 5 year fixed 5.48%	Up to 85% LTV, 2 year fixed 4.38% Up to 85% LTV, 5 year fixed 4.58% Up to 90% LTV, 2 year fixed 4.98% Up to 90% LTV, 5 year fixed 5.18% Up to 95% LTV, 2 year fixed 5.58% Up to 95% LTV, 5 year fixed 5.78%
Level 2 with £999 product fee range:   2 year fixed 3.68% to 75% LTV 5 year fixed 3.88% to 75% LTV	Level 2 fee free range: 2 year fixed 3.98% to 75% LTV 5 year fixed 4.28% to 75% LTV
Level 3 with £999 product fee:   2 year fixed 4.18% to 75% LTV 5 year fixed 4.38% to 75% LTV	Level 3 fee free range: 2 year fixed 4.48% to 75% LTV 5 year fixed 4.78% to 75% LTV

Buy to let product range:

Individual landlords with single residential investment properties

• Up to 75% LTV, 2 year fixed 3.48% (with 1.50% product fee)

• Up to 80% LTV, 2 year fixed 3.98% (with 1.50% product fee)
• Up to 75% LTV, 5 year fixed 3.48% (with 1.50% product fee)
• Up to 80% LTV, 5 year fixed 3.98% (with 1.50% product fee)

Company landlords with single residential investment properties

• Up to 75% LTV, 2 year fixed 3.48% (with 1.50% product fee)

• Up to 80% LTV, 2 year fixed 3.98% (with 1.50% product fee)
• Up to 75% LTV, 2 year fixed 3.58% (£1,999 product fee)
• Up to 80% LTV, 2 year fixed 4.08% (£1,999 product fee)
• Up to 75% LTV, 5 year fixed 3.48% (1.50% product fee)
• Up to 80% LTV, 5 year fixed 3.98% (1.50% product fee)
• Up to 75% LTV, 5 year fixed 3.58% (£1,999 product fee)
• Up to 80% LTV, 5 year fixed 4.08% (£1,999 product fee)
• Up to 75% LTV, 5 year fixed 3.78% (Zero product fee)
• Up to 80% LTV, 5 year fixed 4.28% (Zero product fee)

Multi property individuals and company landlords with single residential investment properties

• Up to 75% LTV, 2 year fixed 3.28% (1.50% product fee)
• Up to 75% LTV, 5 year fixed 3.28% (1.50% product fee)
• Up to 75% LTV, 5 year fixed 3.58% (Zero product fee)

 HMO and multi-unit freeholds

• Up to 75% LTV, 2 year fixed 3.98% (1.50% product fee)
• Up to 75% LTV, 2 year fixed 4.08% (£1,999 product fee)
• Up to 75% LTV, 5 year fixed 3.98% (1.50% product fee)
• Up to 75% LTV, 5 year fixed 4.08% (£1,999 product fee)
• Up to 75% LTV, 5 year fixed, 4.28% (Zero product fee)

Buy to let multi property for HMO and multi-unit freeholds 

• Up to 75% LTV, 2 year fixed 3.78% (1.50% product fee)
• Up to 75% LTV, 5 year fixed 3.78% (1.50% product fee)
• Up to 75% LTV, 5 year fixed 4.08% (Zero product fee)

 

Jon Cooper, head of mortgage distribution at Aldermore, comments: “Our aim is to help people realise their home ownership dreams by creating mortgage options that fit the needs of today’s borrowers.

“Our human approach and expertise means we’re able to consider each application on its own merits, supporting first time buyers, the self-employed, people with complex income and landlords big and small.”

24/05/2022