Aldermore has announced a raft of positive changes to its buy-to-let mortgage range, aimed particularly at landlords investing in houses in multiple occupation (HMOs).
The changes, which take effect immediately, include free valuations on single HMOs of up to six bedrooms and a reduction in interest cover ratio (ICR) thresholds across HMOs, multi-unit freeholds and other residential investment properties.
The lender has also introduced a tailored case management service and broadened its conveyancing options, offering both managed and open panel routes, with assisted legal fees on remortgages.
Borrowers can now access up to £2 million at 65% loan-to-value and £1.5 million at 75% loan-to-value on HMOs and multi-unit freeholds.
These changes form part of Aldermore’s broader effort to provide more flexibility and support to landlords operating in today’s challenging market.
According to Jon Cooper, director of mortgages at Aldermore, the move responds to growing demand among landlords for more sophisticated borrowing options.
“We believe that this enhanced buy-to-let proposition supports an increasing number of landlords who are moving into the HMO market,” said Cooper.
“These changes again demonstrate our ongoing commitment to accessible solutions, clear communication, and expert guidance at every stage of the application process.”
