Aldermore launches limited edition changes across buy-to-let products

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

The new rates are available for loans from £25k up to £1m, on Aldermore’s Limited Edition 5 Year Fixed Rate range and available to individuals applying for buy-to-let mortgages on single residential units.

The changes are:

3.18% to 70% LTV (loans up to £1m)
3.25% to 75% LTV (loans up to £600k)

Additional information:

Available for private individuals on purchases and remortgages
A product fee of 1.50%
An application fee of £199

Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, commented

“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.

“As a specialist lender, we understand the needs of our customers. Through the changes we’ve made today we will continue to support landlords by updating our product range to suit them.”