Aldermore has cut mortgage rates across its residential and buy-to-let ranges, while also introducing limited edition buy-to-let products for individual and portfolio landlords.
The reductions, which apply to both new and existing customers, include a 0.15% cut on two-year fixed deals for residential borrowers at up to 80% loan-to-value (LTV), with rates starting from 5.29%, and a 0.10% reduction on equivalent five-year fixes, now from 5.14%.
At 85% LTV, two and five-year fixes have been lowered by 0.20%, with pricing from 5.69%.
On the buy-to-let side, Aldermore has launched a pair of limited edition two-year products for individual and company landlords at 75% LTV with a 5% fee. These are priced at 3.29% for single-property landlords and 3.24% for portfolio landlords.
Five-year buy-to-let fixes have also been trimmed by up to 0.15%, with rates starting at 4.29% for portfolio borrowers and 4.34% for those with a single property.
Rates have also been reduced for houses in multiple occupation and multi-unit freeholds, where two and five-year fixes now begin at 3.54% and 4.39% respectively.
Existing borrowers will benefit from product switch cuts, with residential rates up to 85% LTV lowered by as much as 0.20% to 5.34%, while buy-to-let customers will see reductions of up to 0.30% on five-year fixes, starting at 6.09%.
Jon Cooper, director of mortgages at Aldermore, said: “At Aldermore, we’re committed to delivering real value for brokers and their clients, whether they’re landlords expanding their portfolios or owner-occupiers taking their next step.
“We understand that every client’s situation is unique, and that’s why we work hard to provide brokers with the tools, flexibility, and support they need to find the right solutions.
“Our latest rate reductions, combined with our continually evolving criteria, reflect our dedication to help brokers unlock more opportunities and deliver better outcomes.
“No lender can ever take a broker’s business for granted and we’re proud to stand alongside them as a trusted partner.”
