There are new rates available for both new and existing customers.
For new residental customers, 2-year fixed rates at up to 80% LTV have been reduced by 0.15%, now beginning at 5.29%; for 5-year products up to 80%, rates have been cut 0.10% and now start at 5.14%, and for both 2- and 5-year fixes at 85% LTV rates now begin at 5.69%, a reduction of 0.20%.
For existing customers product switching, fixed rates up to 85% have been reduced by up to 0.20%, now starting from 5.34%.
Buy-to-let customers benefit from rate reductions across a variety of product types - individual and company landlords with single residential properties see 5-year fixes reduced by 0.10%, now starting at 4.34%, while multi-property products for those with investment portfolios now start at 4.29%. For individual and company landlords with single residential investment properties, 2-year fixes now begin at 6.29% and 5-year products from 6.09%, a reduction of 0.10% and 0.30% respectively.
The lender has also launched two new limited edition products for landlords: a 2-year fixed rate at 75% LTV with a 5% fee and rate of 3.29%, available to both company and individual landlords with single residential properties, and a multi-property 2-year fix at 75% with 5% fee and rate of 3.24% for individual and company landlords with residential investment property portfolios.
Jon Cooper, director of mortgages at Aldermore, comments: “At Aldermore, we’re committed to delivering real value for brokers and their clients, whether they’re landlords expanding their portfolios or owner-occupiers taking their next step."
“We understand that every client’s situation is unique, and that’s why we work hard to provide brokers with the tools, flexibility, and support they need to find the right solutions. Our latest rate reductions, combined with our continually evolving criteria, reflect our dedication to help brokers unlock more opportunities and deliver better outcomes. No lender can ever take a broker’s business for granted and we’re proud to stand alongside them as a trusted partner.”
