Aldermore announced some product changes. See below for more information. For information on their current products and criteria call our team or click here. REMEMBER, you can access the Aldermore range using our Direct to Lender mortgage club so do contact us for further information. For any Documents Click here. Calculators Click Here.
Mortgages for first time landlords to those looking to grow their portfolio
We launched our new mortgage range on Wednesday, 23 November,
aimed at supporting your buy to let clients.
Our new 2 year discounted rates come with a Switch to Fix* option which allows a post completion switch to a fixed rate from our existing customer range, without incurring an early repayment charge.
The 2 year discounted rates start from 5.98% for buy to let for individual landlords with single residential investment properties to 75% LTV.
New buy to let 2 year discount rates with ‘switch to fix’ option*
► Buy to let for individual landlords with single residential investment properties
2 year discount with £1,999 fee, 5.98% to 75% LTV (AMR less 1.50%)
► Buy to let for company landlords with single residential investment properties
2 year discount with £1,999 fee, 5.98% to 75% LTV (AMR less 1.50%)
► Buy to let for HMO and multi unit freeholds
2 year discount with £1,999 fee, 6.48% to 75% LTV (AMR less 1.00%)
► Buy to let for multi property individuals and company landlords
with single residential investment properties
2 year discount with £1,999 fee, 5.88% to 75% LTV (AMR less 1.60%)
New buy to let 2 and 5 year fixed rates
► Buy to let for individual landlords with single residential investment properties
2 year fixed with 1.50% fee, 6.99% to 75% LTV
5 year fixed with 1.50% fee, 7.29% to 75% LTV
► Buy to let for company landlords with single residential investment properties
2 year fixed with 1.50% fee, 6.99% to 75% LTV
5 year fixed with 1.50% fee, 7.29% to 75% LTV
► Buy to let for HMO and multi unit freeholds
2 year fixed with 1.50% fee, 7.29% to 75% LTV
5 year fixed with 1.50% fee, 7.44% to 75% LTV
► Buy to let for multi property individuals and company landlords
with single residential investment properties
2 year fixed with 1.50% fee, 6.89% to 75% LTV
5 year fixed with 1.50% fee, 7.19% to 75% LTV
5 year fixed with zero fee, 7.49% to 75% LTV
*Switch to Fix
Our new discounted variable mortgage interest rate is the
Aldermore Managed Rate (AMR)^ reduced by a set percentage for 2 years.
2 year discount product allows a post completion switch to a fixed rate available from our existing customer range without incurring an early repayment charge.
A procuration fee will not be paid for the subsequent early switch onto a fixed rate product, unless the request is made within the standard switch window, i.e. 17 weeks prior to maturity.
^The AMR is a variable rate set by Aldermore