Aldermore has cut its rates across several of its three-year fixed rate commercial mortgage products.
Three-year fixed rates have been reduced from 6.19% to 5.99% on the complete range of investment and owner-occupied products.
Residential investment rates at 70% LTV are now 5.89% on both interest only and capital and interest options, having previously been 6.19%.
The new rates are as follows:
Residential Investment reduced from 6.19% to 5.89%
- Amortising up to 70% LTV
- Interest-only for 2 years up to 60% LTV
- Interest-only for 3 years up to 50% LTV
- Interest-only for 10 years up to 70% LTV
Commercial Investment & Commercial Owner Occupied reduced from 6.19% to 5.99%
- Amortising up to 70% LTV
- Interest-only for 2 years up to 60% LTV
- Interest-only for 3 years up to 50% LTV
Rob Lankey, Aldermore’s commercial mortgages managing director, said: “In light of the recent GDP figures and the Bank of England’s decision to hold the base rate at half a per cent yet again, there is more optimism about the British economy and as a consequence, greater certainty for investors too.
“We are seeing greater activity across the commercial and residential investment mortgage sector and these new rates demonstrate Aldermore’s continued determination to offer competitive rates across the market.”
