Aldermore launches B2L changes

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Aldermore has today launched two limited edition changes to its standard buy-to-let product range.

The new rates are available for loans from £25,000 up to £1m on Aldermore’s limited edition five-year fixed range and to those applying for buy-to-let mortgages on single homes.

The changes are:

· 3.18 per cent to 70 per cent LTV (loans up to £1m)
· 3.25 per cent to 75 per cent LTV (loans up to £600,000)

Both are available for house purchase and remortgage. Both have a product fe of 1.5 per cent and an application fee of £199.

Aldermore group managing director, mortgages, Charles Haresnape says: “In spite of a number of changes across the industry, we continue to see strong growth in the buy-to-let sector.

“The rush to beat the stamp duty deadline meant that there were 8 per cent more new properties advertised to rent in the second quarter of this year when compared to the year earlier, and the underlying fundamentals of the buy-to-let market remain strong.”