Aldermore launches limited edition B2L rate


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.”