Aldermore has lowered rates across its buy-to-let (BTL) and residential owner-occupier deals by up to 0.5%
For new customers, Aldermore’s BTL fixed rates for new and existing customers have reduced by up to 0.2%, while residential owner-occupier fixed rates for new customers up to 80% loan to value (LTV) have been cut by up to 0.5%.
As well as lowering rates, Aldermore has introduced limited-edition two- and three-year fixed rates up to 80% LTV and a 1% discount on reversion rates.
In its residential range for existing customers, fixed rates have been reduced by up to 0.4%.
Jon Cooper, director of mortgages at Aldermore, said: “We’re pleased to introduce a wide array of rate cuts to support brokers in finding solutions for their clients. These reductions give both landlords and homebuyers valuable choice and competitive pricing, at a time when the optimism and outlook within the market starts to grow.”
Aldermore previously lowered mortgage rates at the start of July.
The Co-operative to lower mainstream rates but keep BTL stable
The Co-operative will re-launch a selection of its mainstream mortgage range for both new business and retention from 15 August.
In its new business and retention range, the firm is lowering two-, three- and five-year fixed rates by up to 0.15%.
Within its new business range, the lender’s two- and five-year fixed rates with a £1,999 fee at 60% LTV are being withdrawn, while in its retention range, its two- and five-year fixed rates with a £1,249 fee at 60% LTV will be removed.
BTL and Help to Buy deals are unchanged in its new business and retention ranges, along with its professional mortgage deals in new business.
