Aldermore Launches New BTL Mortgage Products

rents grow

Aldermore bank has today expanded its specialist buy to let offering launching two new limited edition 5 year fixed buy to let products to support individual and company landlords. The products come with the added benefit of zero fees, to help landlords manage and grow their portfolios.

Limited Edition rates with zero product fee for purchase and remortgage, with assisted legal fees, free valuations and no funds transfer fees on remortgages:

  • For individual and company landlords submitting two or more properties on a single application: Up to75 per cent loan-to-value (LTV), 5 year fixed initial rate 2.98 per cent
  • For individual and company landlords submitting single residential investment properties: Up to75 per cent loan-to-value (LTV), 5 year fixed initial rate 3.18 per cent

Aldermore has also introduced assisted legal fees for all landlords looking to remortgage their Houses in Multiple Occupation (HMO) and multi unit freehold properties.

Jon Cooper, head of mortgage distribution, Aldermore comments: “We want to support the many landlords reviewing how they want to manage and grow their portfolios in the future. Our latest product offering provides landlords with competitive rates, assistance on fees, and gives them long term stability so managing their portfolios is easier.”