Aldermore’s new limited edition mortgage is available to individuals applying for buy-to-let mortgages on single residential units.
The product applies to private individuals looking to either purchase or remortgage a buy-to-let property, and includes:
• 2.99% 5-year fixed rate up to 70% LTV
• Product fee of 1.50%
• Application fee of £199
Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, said: “With the average monthly rent for a home in England and Wales rising to an all-time high in July, the buy-to-let sector continues to offer a strong investment opportunity, and is an increasingly important segment of the housing market.
Our new fixed rate, which is available for both purchase and remortgage, is great for landlords looking to guarantee their mortgage repayments in the long term, allowing them to better plan their investments.
Rising house prices have meant there is increasing demand for rental accommodation, and Aldermore is committed to supporting landlords and the vital role they play in the UK’s housing industry.”