Another lender slashes Buy To Let mortgage rates

Another lender slashes Buy To Let mortgage rates


Todays other news


Aldermore has cut rates across its buy to let and residential owner occupier mortgages – the latest in a series of rate cuts by lenders vying for landlord clients. 

For new customers, the BTL range has rates reduced by up to 0.20% and for residential owner occupiers, rates are cut by up to 0.50% (up to 80% LTV).

Additionally, there are new residential owner occupier limited edition two and three year fixed rates (up to 80% LTV), with a 1% discount off AMR reversion rate.

Jon Cooper, director of mortgages at Aldermore, comments: “We’re pleased to introduce a wide array of rate cuts to support brokers in finding solutions for their clients. These reductions give both landlords and homebuyers valuable choice and competitive pricing, at a time when the optimism and outlook within the market starts to grow.”

The following rates are available immediately:

For new customers

 BTL

– Fixed rates reduced by up to 0.20% 

Residential owner occupiers

Up to 80% LTV

– Fixed rates reduced by up to 0.50%

– New limited edition 2 year and 3 year fixed rates with a discounted reversion rate

For existing customers

 BTL

– All fixed rates reduced by 0.20%

Residential owner occupier

Up to 80% LTV

– Fixed rates reduced by up to 0.40%

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