Aldermore Bank is launching a new set of buy-to-let mortgage products, available from 22nd October. These products cater to individual and company landlords, offering both 5-year and 2-year fixed rates.
- Features include competitive rates with varied fee structures, starting at 4.69% for a 5-year fixed rate with a 5.00% fee.
- Additional options are available for landlords managing multiple properties, with free valuations and legal assistance provided.
- These products aim to simplify the mortgage process for landlords in the current market climate.
- The detailed guide will be accessible from the launch date, offering comprehensive insights into the new products.
Aldermore Bank is set to introduce an innovative selection of limited edition buy-to-let (BTL) mortgage products designed to meet the needs of individual and company landlords with single residential investment properties. Available from 22nd October, these new offerings present both 5-year and 2-year fixed rate options, ensuring a range of choices to best suit varied financial circumstances and investment objectives. This launch marks a strategic move to provide flexibility in the competitive mortgage landscape.
The 5-year fixed rate mortgages are attractively structured, with rates beginning at 5.69% at a 75% loan-to-value (LTV) with zero fees, and offering a more competitive rate of 4.69% with a 5.00% fee. Similarly, the 2-year fixed option is available at 4.84% to 75% LTV, accompanied by a 3.00% fee. These competitive rates are designed to appeal to those seeking a balance between upfront costs and ongoing interest rates.
For landlords with multiple residential investment properties, Aldermore is enhancing its offerings with multi-property products. These include a 5-year fixed rate at 5.64% to 75% LTV with no fees, and a 4.64% rate accompanied by a 5.00% fee, alongside a 2-year fixed rate option at 4.79% with a 3.00% fee. Such products demonstrate Aldermore’s commitment to providing scalable and tailored financial solutions to help landlords effectively manage their property portfolios.
Additionally, Aldermore is providing free valuations for purchases, remortgages, and incorporation cases as part of these offerings, alongside assisted legal services for remortgages. This initiative aims to streamline the borrowing process, thereby reducing the administrative burden on landlords and enabling a smoother transaction experience amidst a challenging market environment.
The comprehensive details of these limited edition products will be captured in Aldermore’s buy-to-let mortgage guide, available concurrently with the product launch. This document will provide further insights and guidance, ensuring landlords are well-equipped to make informed decisions based on the latest financial product developments.
The launch of Aldermore’s limited edition buy-to-let mortgage products represents a strategic effort to provide diverse and competitive solutions tailored to the evolving needs of landlords.
