Aldermore has introduced a range of buy-to-let (BTL) limited edition products for a range of landlords.
For new customers, the lender’s BTL limited edition rates will be cut by up to 0.2% for both two and five-year fixed rates up to 75% loan to value (LTV).
The BTL limited edition products are available for individual and company landlords with both single and multiple residential investment properties.
For individual and company landlords with single residential investment properties, pricing begins from 4.69% with a 3% fee for a two-year fixed rate at 75% LTV and goes up to 5.59% for a five-year fixed rate deal with no fee at the same LTV tier.
Regarding multi-property products for individual and company landlords with residential investment properties, pricing starts from 4.64% at 75% LTV with a 3% fee on a two-year term and rises to 5.54% for a no-fee five-year fixed rate.
Jon Cooper, director of mortgages at Aldermore, said: “It’s a lively mortgage market right now, which presents opportunities for brokers supporting landlords who are looking to expand their portfolios. These products give brokers more choice, reflecting Aldermore’s commitment to backing them in meeting their clients’ evolving needs.”
Aldermore lowered buy-to-let and residential rates by up to 0.5% last month.
CHL Mortgages lowers BTL limited edition rates
CHL Mortgages is cutting BTL limited edition rates by up to 0.2%, so its two-year fixed rate deals begin from 3.67% and five-year fixed rates start from 4.24%.
Landlords looking to buy small houses in multiple occupation (HMO) and multi-unit freehold blocks up to six bedrooms or units can access five-year fixed rates from 4.28%.
Individual and limited company landlords are eligible and have a range of fee options with LTVs going up to 75%.
Ross Turrell, commercial director at CHL Mortgages, said: “This latest round of rate reductions shows our commitment to making sure brokers have the products their customers need at their disposal.
“By reducing our rates by up to 20bps, customers now have even greater choice when selecting a product and the reductions will help when it comes to calculating affordability.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
