"Often existing customers miss out from favourable rates targeted at new customers, so we’re pleased to offer rate reductions for both new and loyal residential owner occupied and buy-to-let customers"
- Jon Cooper head of mortgages at Aldermore
Aldermore has announced a series of changes to its residential and buy-to-let mortgage products.
It has launched a new five-year fixed rate limited edition buy-to-let product at 65% LTV and has relaunched its five-year fixed rate fee-free product.
Aldermore is also reducing rates across its product range, with buy-to-let products being reduced by up to 0.35% and residential products down by up to 0.30%.
The new five-year buy-to-let product at 65% LTV is available at 4.69% with a 7% fee and the fee-free buy-to-let five-year fixed rate has launched at 6.29%.
Elsewhere in its buy-to-let range, two-year fixed rates are being reduced by 0.20% and five-year rates by 0.35%, including EPC products.
In its multi property product range, the limited edition rate is available at 4.59% and the fee-free five-year fix at 6.19%.
In Aldermore's residential range, all two and five-year fixed rates have reduced by 0.30%, now starting from 5.94%, while three-year fixes are down by 10bps and now start at 5.89%.
For existing customers, all two and five-year residential products have also reduced by 0.30%, now starting from 5.94% and 5.64% respectively. For existing buy-to-let customers, two-year fixed rates have reduced by 0.35%, now starting from 6.64%, while five-year fixes are down by 20bps and now start from 6.29%.
Jon Cooper head of mortgages at Aldermore, commented: “At Aldermore, we continually review our mortgage range to ensure we are providing customers with products that are tailored to support a variety of circumstances.
"Often existing customers miss out from favourable rates targeted at new customers, so we’re pleased to offer rate reductions for both new and loyal residential owner occupied and buy-to-let customers, helping their money go further during these challenging times.”
