Aldermore announces new limited edition BTL products

Aldermore has announced this morning that it has launched two limited edition five-year fixed rate buy-to-let products – a 70% LTV at 3.18% (on loans up to £1m) and a 75% LTV at 3.25% available on loans up to £600,000.

Both come with a product fee of 1.50% and a £199 application fee.

The new rates are available to individuals applying for buy-to-let mortgages on single residential units for purchase or remortgage.

Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, said: “In spite of a number of changes across the industry, we continue to see strong growth in the buy-to-let sector. The rush to beat the stamp duty deadline meant that there were 8% more new properties advertised to rent in the second quarter of this year when compared to the year earlier, and the underlying fundamentals of the buy-to-let market remain strong.

As a specialist lender, we understand the needs of our customers. Through the changes we’ve made today we will continue to support landlords by updating our product range to suit them.”