Aldermore cuts three-year commercial fixed rates

Published on

aldermore

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.”

Latest POLL

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

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...