New five-year fixed rate for landlords

Emma Lunn
Written By:
Emma Lunn

Challenger bank Aldermore has launched a new limited edition buy-to let remortgage product fixed at 3.99 per cent for five years.

The deal is the bank’s lowest ever five-year fix, is available up to 80 per cent loan-to-value (LTV), and comes with free legal work.

The product is available to new business applications across Aldermore’s standard and specialist buy-to-let ranges and has a 1.50 per cent completion fee.

The remortgage option also supports Aldermore’s no portfolio limits policy and flexibility around capital raising for further purchases, ideal for those landlords looking to expand their portfolio.

Charles Haresnape, group managing director of mortgages at Aldermore, said: “With a buoyant market, and rate rises expected in the not too distant future, there has never been a better time to take advantage of historic low interest rates, and our new limited edition offering is available on a first come first served basis.

“With a high level of consumer demand Aldermore always looks for ways to support its customers and we’re pleased to be able to launch our lowest ever five-year fixed rate buy-to-let mortgage product.”