Aldermore has launched new five-year fixed rate limited edition products for landlords, with a 5% fee for single applications and multi property products.
For individual and company landlords with single residential properties, rates start from 4.34% up to 75% LTV with 5% fee.
An equivalent multi property product for landlords with residential investment property portfolios has launched at 4.29%.
The new products follow recent criteria changes at Aldermore, including an overhaul of its HMO proposition, free valuations on single HMOs up to 6 beds, lower interest cover ratio thresholds, a tailored case management service to guide applications from start to finish, as well as greater flexibility throughout the lender’s conveyancing process.
Jon Cooper (pictured), director of mortgages at Aldermore, commented: “We continue to passionately back our brokers and their clients. This sits at the very heart of our lending business and good landlords are a major part of that client base.
"We’re always looking for ways to offer them better value and make clever criteria tweaks where we can, so they can manage their portfolios effectively and provide a positive service for their tenants.”
