Aldermore has announced several updates to its buy-to-let (BTL) proposition, placing particular emphasis on houses in multiple occupation (HMOs). 

Among the immediate improvements, Aldermore now offers free valuations on single HMOs with up to six beds, although this does not apply to multi-property products. Interest cover ratio (ICR) requirements have been lowered to improve affordability and borrowing capacity for HMOs, multi-unit freeholds, and residential investment properties. Additionally, a tailored case management service will support applicants throughout the process, providing expert guidance from start to finish.

The lender also provides flexible conveyancing options, allowing brokers and borrowers to choose between managed and open panels. Assisted legal fees are available on remortgages, which may help reduce upfront costs. Lending limits have increased as well, with Aldermore now offering up to £2 million at 65% loan-to-value (LTV) and £1.5 million at 75% LTV for HMOs and multi-unit freeholds.

Jon Cooper, director of mortgages at Aldermore, said, “We believe that this enhanced BTL proposition supports an increasing number of landlords who are moving into the HMO market.” He added, “These changes again demonstrate our ongoing commitment to accessible solutions, clear communication, and expert guidance at every stage of the application process.”