Specialist lender Aldermore has announced a series of cuts to rates on its five-year buy-to-let remortgage products.
Available for both individual landlords and company landlords, the changes are as follows:
For individual landlords, the 75 per cent LTV remortgage product has been cut by 0.20 per cent, leaving it at 3.98 per cent, and the 80 per cent LTV version has also had 0.20 per cent chopped, giving a rate of 4.58 per cent.
For company landlords who wish to remortgage through the firm’s commercial portal, both the 75 per cent LTV and 80 per cent LTV products have also received a 0.20 per cent cut, leaving them at 3.98 per cent and 4.58 per cent, respectively.
The lender has also introduced a limited edition multi-property remortages product. At 75 per cent LTV it comes in at 3.78 per cent, and at 80 per cent LTV, 4.38 per cent. This too is fixed at five years.
Aldermore director of mortgages Damian Thompson comments: “Landlords, no matter how big or small, play a significant role in today’s housing market so we believe it is our responsibility as a provider to ensure our products meet their needs and help them realise their ambitions.
“At Aldermore, we understand the recent changes to the BTL market have presented new challenges, which is why we are constantly reviewing and improving our proposition to ensure landlords receive the financial support to assist the growth of the sector.”