Aldermore has launched a wide-ranging update to its mortgage offering, introducing new products and cutting rates across its buy-to-let, residential owner occupier and retention ranges. All changes are available immediately.
The update includes new limited edition buy-to-let mortgage rates, reductions across two and five-year fixed products, and further pricing improvements within the product switch range. Aldermore says the changes are designed to give brokers greater choice and flexibility across a broad range of customer needs.
BTL new business
For individuals and companies with single residential investment properties, Aldermore has introduced a new two-year fixed limited edition at 4.79% with a 3% fee and a new five-year fixed limited edition at 5.14% with a 5% fee.
Multi-property residential investment portfolios can access a new two-year fixed limited edition at 4.74% with a 3% fee and a new five-year fixed at 5.09% with a 5% fee.
For HMO properties, new limited edition buy-to-let mortgage rates are set at 5.19% on a two-year fixed with a 3% fee and 5.39% on a five-year fixed with a 5% fee. Across HMO and multi-unit freehold products, two and five-year core range fixed rates have been reduced by 0.20%, with additional rate and fee options also available.
Residential owner-occupier new business
The residential range has been expanded with new three-year fixed rates and new cashback products, alongside £1,999 fee variants across two, three and five-year fixed terms. Two-year fixed rates have been reduced by up to 0.42% across all levels, with five-year fixed rates cut by up to 0.33%.
Retention product switch
Within the retention range, residential owner-occupier two-year fixed rates have been reduced by up to 0.42%, with new five-year fixed rates also introduced. For BTL HMO and multi-unit freehold, two-year fixed rates have been cut by 0.20% and new five-year fixed rates added.