Aldermore makes major rate reductions across mortgage range
Aldermore today announces a raft of rate reductions across its owner-occupied and buy to let ranges, following on from previous discounts announced in January. The new rates offer reductions of up to 0.75% for landlords and up to 1.34% for owner-occupiers. The bank is also introducing reduced buy to let rates for properties with an Energy Performance Certificate (EPC) rating of A, B or C.
The following rate reductions are available immediately:
Buy-to-let product range:
Individual landlords with single residential investment properties
- Up to 75% LTV, 2 year discounted 4.98% (with £1,999 fee, Aldermore Managed Rate [AMR] less 3.50%)*
- Up to 75% LTV, 2 year fixed 5.54% (with 1.50% fee)
- Up to 75% LTV, 5 year fixed 5.54% (with 1.50% fee)
- Up to 75% LTV, 5 year fixed for properties with EPC rating of A, B or C 5.44% (with 1.50% fee)
Company landlords with single residential investment properties
- Up to 75% LTV, 2 year discounted 4.98% (with £1,999 fee, AMR less 3.50%)*
- Up to 75% LTV, 2 year fixed 5.54% (with 1.50% fee)
- Up to 75% LTV, 5 year fixed 5.54% (with 1.50% fee)
- Up to 75% LTV, 5 year fixed for properties with EPC rating of A, B or C 5.44% (with 1.50% fee)
- Up to 75% LTV, 5 year fixed 5.84% (with no fee)
HMO and multi unit freeholds
- Up to 75% LTV, 2 year discounted 5.48% (with £1,999 fee, AMR less 3.00%)*
- Up to 75% LTV, 2 year fixed 6.04% (with 1.50% fee)
- Up to 75% LTV, 5 year fixed 6.04% (with 1.50% fee)
- Up to 75% LTV, 5 year fixed for properties with EPC rating of A, B or C 5.94% (with 1.50% fee)
- Up to 75% LTV, 5 year fixed 6.34% (with no fee)
Multi property individuals and company landlords with single residential investment properties
- Up to 75% LTV, 2 year discounted 4.88% (with £1,999 fee, AMR less 3.60%)*
- Up to 75% LTV, 2 year fixed 5.44% (with 1.50% fee)
- Up to 75% LTV, 5 year fixed 5.44% (with 1.50% fee)
- Up to 75% LTV, 5 year fixed 5.74% (with no fee)
Multi property individuals and company landlords with HMO and multi unit freeholds
- Up to 75% LTV, 2 year fixed 5.94% (with 1.50% fee)
- Up to 75% LTV, 5 year fixed 5.94% (with 1.50% fee)
- Up to 75% LTV, 5 year fixed 6.24% (with no fee)
Jon Cooper, head of mortgages at Aldermore, comments: “We’re passionate when it comes to helping people to go for it in life and business. These latest rate reductions offer more people the chance to get the finance they need, and Aldermore is always here for those that the big traditional banks can’t or won’t help. We’ve also launched reduced buy to let rates for properties with an EPC rating of A, B or C, benefitting landlords who’ve made their properties energy efficient, especially ahead of the new EPC rules coming into effect in 2025.”
