Aldermore has launched new buy-to-let (BTL) limited edition products for landlords and introduced rate reductions.
The lender has added two fixed products with a term of five years, for private individuals and companies with separate residential investments.
These include one with a rate of 4.92% and a fee of 1.5%, which is available up to 75% Loan-to-Value (LTV) and another with a rate of 5.14% and a fee of £1,999, available up to 75% LTV.
In the same range, the two-year fixed interest rate with a 5% fee has been reduced by 15 basis points to 3.14% at an LTV of 75%, while the rate-free equivalent has also been reduced by 15 basis points to 5.64%, also at an LTV of 75%.
The lender’s multi-property product range includes two new products, including a five-year fixed rate 4.87% with a 1.5% fee available up to 75% LTV and a five-year fixed rate 5.09% with a £1,999 fee, also available up to 75% LTV.
Aldermore has also made rate cuts across the range, including the two-year fixed rate without fees, which has been reduced by 15 basis points to 5.59% at a 75% LTV, and the two-year fixed rate with a 5% fee, which has also been reduced by 15 basis points to 3.09% at a 75% LTV.
For multi-occupancy homes, there are four additional two-year fixed rate products, all available up to 75% LTV, with fee and no fee options.
Aldermore director of mortgages Jon Cooper said: “Our recent research shows that landlords across the country are enjoying better profits and returns than they have in recent years, but they still face challenges and the future looks uncertain for some.”
“At Aldermore we want to help the many brilliant landlords operating in the market. We achieve this by working with our agency partners to offer competitive rates and personal, tailor-made services.”