Aldermore has launched a limited edition rate on its standard buy-to-let product range.
The new rate is available immediately on loans up to £1m for individuals applying for single residential units.
The new product includes:
· Initial rate of 3.25 per cent for five-year fixed rates available up to 80 per cent LTV
· Available for both for purchase and remortgage
· Completion fee of 1.50 per cent
· Booking fee of £199
Aldermore group managing director, mortgages, Charles Haresnape says: “As buy-to-let specialists we are always looking to help customers and intermediaries by offering a greater product choice.
“Our new rates help keep costs down for clients at a time when demand for housing continues to out-strip supply.”