Aldermore launches two new buy-to-let mortgages
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Aldermore has launched two new buy-to-let mortgage products.
It is offering a limited edition term variable rate deal with a rate of 4.68% to 65% LTV or 4.98% to 75% LTV, for either purchase or remortgage (with a 2.75% completion fee).
The lender is also offering a remortgage deal with a five-year fixed rate of 6.28% to 65% or 6.48% to 75% LTV.
Charles Haresnape, managing director of residential mortgages at Aldermore, says: “Our objective is to give buy-to-let investors real choice. “Our limited edition deal offers a very competitive variable rate to property investors either wanting to buy or remortgage existing property. This option will appeal to borrowers who believe interest rates will remain low for the foreseeable future and who want to benefit from affordable monthly mortgage repayments.”
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