Aldermore reduces rates on buy to let mortgages
Aldermore has reduced its buy to let range of 2-year fixed rate mortgages by up to 0.30% with immediate effect.
Two-year fixed rate mortgages, with a 2.5% completion fee, now start from 4.18% (previously 4.48%) for 70% and 75% loan to value mortgages, with a 2.5% completion fee. For 80% LTVs, the new rate is 4.68%, reduced from 4.78% with a 2.5% completion fee.
Two-year fixed mortgages, with a £1,999 completion fee, have been reduced from 4.98% to 4.68% on 70% and 75% LTVs.
Charles Haresnape, managing director, mortgages and commercial lending, Aldermore said: “Buy to let is a thriving sector of the housing market. We have made these changes to keep pace with demand and ensure our products are attractive to our customers in this very competitive market.
“Aldermore has developed clear expertise in the buy to let market due to our commitment to support a wide range of customer needs, from the simple to complex. These changes further highlight our commitment to the buy to let market, which we believe will continue to flourish in the post-election and pension freedoms environment.”
A table showing the new rates compared against the old rates is below: