Lender launches new and reduced products for buy to let formats 

Specialist lender Aldermore has launched new and reduced BTL (buy to let) limited edition products for landlords.

The following rates are available immediately:

Buy to let

Individuals and companies with single residential investment properties

• NEW 5 year fixed rate, 1.5% fee, 4.92% at 75% LTV 
• NEW 5 year fixed rate, £1,999 fee, 5.14% at 75% LTV
• 2 year fixed rate with zero fee, reduced by 0.15% to 5.64% at 75% LTV
• 2 year fixed rate with 5% fee, reduced by 0.15% to 3.14% at 75% LTV

Multi property product for individual and company landlords with residential investment property portfolios

• NEW 5 year fixed rate, 1.5% fee, 4.87% at 75% LTV
• NEW 5 year fixed rate, £1,999 fee, 5.09% at 75% LTV
• 2 year fixed rate with zero fee, reduced by 0.15% to 5.59% at 75% LTV
• 2 year fixed rate with 5% fee, reduced by 0.15% to 3.09% at 75% LTV

HMOs

• NEW 2 year fixed rate, zero fee, 5.99% at 75% LTV
• NEW 2 year fixed rate, 5% fee, 3.49% at 75% LTV
• NEW 5 year fixed rate, zero fee, 5.64% at 75% LTV
• NEW 5 year fixed rate, £1,999 fee, 5.54% at 75% LTV

Jon Cooper, director of mortgages at Aldermore, comments: “Our recent research demonstrates that landlords across the country are enjoying better profits and yields than they have for several years, however, they still face challenges and the future looks uncertain for some.“

This article is taken from Landlord Today