It has also reduced its 2 year discount rates, 3 and 5 year fixed rates and its buy-to-let reversion rates, which results in a more generous rental calculation for many borrowers.
Key features of Aldermore Residential Mortgages’ buy-to-let product line-up include:
- LTVs now available up to 80%
- Reversion rates reduced by 0.5%
- Maximum portfolio size increased to 5 properties and £2 million
- Maximum age 85 years at the end of the mortgage term
- Choice of fixed, discounted and term variable rates from 4.48% (see ‘notes to editors’ for further information about rates)
Charles Haresnape, Managing Director of Residential Mortgages at Aldermore, said:
“We’re very comfortable with the way our buy-to-let portfolio is performing and feel the time is now right to strengthen our range.
"These enhancements to both criteria and rates will ensure Aldermore’s residential buy-to-let products are amongst the most competitive available and I have no doubt they will be popular with both brokers and their clients.
“Intermediaries can also be assured they will receive Aldermore’s consistently high quality award-winning service, provided by experienced staff who are always happy to discuss cases with brokers.”
