Aldermore has made two limited edition changes to its standard buy-to-let product range.
The new rates are available for loans from £25,000 up to £1m, on Aldermore’s limited edition five-year fixed rate range and available to individuals applying for buy-to-let mortgages on single residential units.
The changes are 3.18% to 70% LTV (loans up to £1m) and 3.25% to 75% LTV (loans up to £600,000).
They are available for private individuals on purchases and remortgages, with a product fee of 1.50% and an application fee of £199.
Yesterday Aldermore pulled out of bridging lending to concentrate on its other forms of lending.
Charles Haresnape (pictured), Aldermore’s group managing director, mortgages, said: “In spite of a number of changes across the industry, we continue to see strong growth in the buy-to-let sector. The rush to beat the stamp duty deadline meant that there were 8% more new properties advertised to rent in the second quarter of this year when compared to the year earlier, and the underlying fundamentals of the buy-to-let market remain strong.
“As a specialist lender, we understand the needs of our customers. Through the changes we’ve made today we will continue to support landlords by updating our product range to suit them.”
