Aldermore has introduced a new range of limited edition buy-to-let products for private landlords looking to for loans up to £1 million.

Its new limited editionfive-year fixed rate is available to individuals applying for buy-to-let mortgages on single residential units.

In addition, Aldermore’s limited edition term variable rate buy-to-let mortgage now comes with no product fee.

Available immediately, the new term variable rate buy-to-let mortgage offers:

• 3.68%up to 75% LTV (loans £250,000 up to £1m)
• Application fee £199
• No product fee

Aldermore’s new five-year fixed rate offers:

• 2.79% up to 70% LTV (loans £25,000 up to £1m), down from 2.99%
• 2.99% up to 75% LTV (loans £25,000 up to £600,000), down from 3.25%
• 3.25% up to 80% LTV (loans £25,000 up to £400,000), down from 3.99%
• Application fee of £299
• Product fee of 1.50%

Charles Haresnape (pictured), Aldermore’s group managing director, mortgages, said: “The change in the base rate has led to the average five-year fixed rate for a 75% loan-to-value buy-to-let mortgage falling below 4% for the first time, and now is a great time for landlords to remortgage some or all of their portfolios.

“Buy-to-let as an investment continues to be underpinned by strong fundamentals, with tenants who signed up to a new tenancy during the month of August agreeing to an average rental increase of 3.1% year on year. Aldermore looks to support landlords wherever possible, and our recent product changes are a testament to our commitment to those in the buy-to-let market.”