Aldermore launches limited edition 3.25% BTL

Aldermore has launched a new limited edition rate on its standard buy-to-let product range.

Related topics:  Mortgages
Rozi Jones
15th June 2016
charles haresnape aldermore
"Our new rates help keep costs down for clients at a time when demand for housing continues to out-strip supply."

The new five-year fixed rate is available up to 80% LTV with an initial rate of 3.25%.

The rate is available for loans up to £1m for purchase and remortgage, and is available to individuals applying for single residential units.

It comes with a completion fee of 1.50% and a £199 booking fee.

Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, said: “As buy-to-let specialists we are always looking to help customers and intermediaries by offering a greater product choice. Our new rates help keep costs down for clients at a time when demand for housing continues to out-strip supply.

“According to the latest survey from RICS, tenant demand continues to rise across all areas with a net balance of 23% of contributors reporting an increase at the national level, and buy-to-let remains a strong investment choice despite recent changes to stamp duty charges.”

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