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Aldermore launches limited edition B2L rate

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Aldermore is today launching a limited edition rate on its standard and specialised buy-to-let product range.

The new rate is available for loans from £250k up to £1m. It is open to both individuals and limited companies applying for standard residential units.

The product includes an initial rate of 3.93 per cent for two-, three- and five-year fixes up to 80 per cent LTV.

The rate is available for house purchase and remortgage and has a completion fee of 1.5 per cent and has a £199 booking fee.

Aldermore group managing director, mortgages, Charles Haresnape says: “Aldermore looks to support buy-to-let investors wherever possible, and our newest competitive rate is a sign of that commitment.

“By offering the same rate for two-, three- and five-year fixes, customers will have the flexibility to make the best decision for their situation, rather than feeling steered towards a fix that may not be a perfect fit.

“Buy-to-let mortgages accounted for a quarter of all home loans granted in March, and while much has been made of the recent changes, the majority of landlords see buy-to-let property as a long term investment, and we can expect to see robust growth in the sector during the rest of the year.”

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