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Buy to Let

Aldermore reduces buy-to-let rates

Adam Williams
Written By:
Adam Williams
Posted:
Updated:
12/06/2015

Aldermore is now offering buy-to-let landlord mortgages from 4.18%.

This headline reduction is a cut of 0.3% on a two-year fixed rate mortgage by 0.3%, available to those with a 25% deposit at a rate of 4.18%.

The challenger bank also reducing other two-year fixes, including the 4.18% available up to 70% loan-to-value. For those with a 20% deposit, the deal is available at 4.68%.

All three products come with a 2.50% completion fee.

Elsewhere in the range is offering two-year fixes at 4.68% up to 70% LTV, 4.68% up to 75% LTV and 5.18% up to 80% LTV. This trio of products come with a £1,999 completion fee.

Charles Haresnape, managing director, mortgages and commercial lending at Aldermore, said these changes would ensure the bank’s range remained competitive.

“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,” he said.

“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.”


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