Aldermore has announced a raft of rate reductions across its owner-occupied and buy-to-let ranges. The new rates offer reductions of up to 0.75% for landlords and up to 1.34% for owner-occupiers.
The bank is also introducing reduced buy-to-let rates for properties with an Energy Performance Certificate (EPC) rating of A, B or C.
On its residential range, standard level 1 rates now start from 4.98% for a two-year discount product at 80% LTV. Two-year fixed rates start from 5.24% at 75% LTV and 5.74% up to 80% LTV. Five-year fixes are available at 5.39% up to 75% LTV and 5.74% at 80% LTV. All products come with a £999 fee.
Fee-free rates start from 5.49% at 75% LTV fixed for two or five years.
Aldermore's high LTV range includes at two-year discount product at 6.23% up to 90% LTV. Two and five-year fixed rates start from 6.34% at 85% LTV andd 6.74% at 90% LTV.
On its standard level 2 range, two and five-year fixes are available from 6.09% and five-year fixes from 6.39%.
For buy-to-let, Aldermore's rates for individual and company landlords with single residential investment properties include a two-year discounted rate of 4.98% at 75% LTV with a £1,999 fee.
Two and five-year fixed rates have reduced to 5.54% and a five-year fix for properties with EPC rating of A, B or C has launched at 5.44%, all with 1.50% fee.
HMO and multi unit freehold products include at two-year discounted rate of 5.48%, with two and five-year fixes starting at 6.04% and a five-year fix for properties with EPC rating of C+ at 5.94%.
For portfolio landlords, a two-year discounted rate starts at 4.88% with two and five-year rates at 5.44%.
Jon Cooper, head of mortgages at Aldermore, commented: “We’re passionate when it comes to helping people to go for it in life and business. These latest rate reductions offer more people the chance to get the finance they need, and Aldermore is always here for those that the big traditional banks can’t or won’t help. We’ve also launched reduced buy-to-let rates for properties with an EPC rating of A, B or C, benefitting landlords who’ve made their properties energy efficient, especially ahead of the new EPC rules coming into effect in 2025.”
