Aldermore cuts BTL and NewBuy rates

Published on

Charles Haresnape

Aldermore has cut the rates on a selection of its buy-to-let and NewBuy mortgage range.

New rates are as follows:

Buy-to-Let:

  • 3 year fix: rate cut from 5.78% to 4.98% for 80% LTV loans with 2.5% completion fee
  • 3 year fix: rate cut from 5.98% to 5.28% for 80% LTV loans and from 5.28% to 4.98% for 75% loans with £999 completion fee
  • 5 year fix: rate cut from 5.48% to 5.28% for 80% LTV loans

NewBuy:

  • 2 year fix: rate cut from 5.48% to 4.79% for loans with £999 completion fee
  • 2 year fix: a new rate option of 4.99% with no completion fee has been introduced

Charles Haresnape (pictured), managing director of Residential Mortgages at Aldermore, said: “The demand for buy-to-let continues apace, as some buyers struggle to buy homes of their own. With rents reaching record highs, landlords are looking for ways to increase their borrowing and also release equity so that they can add to their property portfolios.

“As Britain’s leading challenger bank, we’re delighted to make these rate cuts to help property investors and further develop the buy-to-let market. We’re also delighted to be reducing the rates and introducing a new option without completion fees on our NewBuy range.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Right Mortgage launches ‘Opportunity Insights’ podcast series

The Right Mortgage & Protection Network has unveiled a new podcast series aimed at...

Fleet Mortgages adds new products alongside rate and fee cuts

Fleet Mortgages has announced a raft of changes to its fixed-rate buy-to-let range, including...

Foundation Home Loans adds larger loans and 80% LTV options to Specials range

Foundation Home Loans has overhauled its buy-to-let Specials range, raising loan limits, introducing new...

RAW Capital Partners refinances London property to help borrower exit receivership

RAW Capital Partners has completed a buy-to-let mortgage for an international client to enable...

The Dudley unveils refreshed mortgage range from 5.70%

Dudley Building Society has launched a new set of mortgage products across residential, expat,...

Latest publication

Latest opinions

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Other news

The Right Mortgage launches ‘Opportunity Insights’ podcast series

The Right Mortgage & Protection Network has unveiled a new podcast series aimed at...

Fleet Mortgages adds new products alongside rate and fee cuts

Fleet Mortgages has announced a raft of changes to its fixed-rate buy-to-let range, including...

Foundation Home Loans adds larger loans and 80% LTV options to Specials range

Foundation Home Loans has overhauled its buy-to-let Specials range, raising loan limits, introducing new...