Aldermore cuts buy-to-let and NewBuy rates

Robyn Hall

March 8, 2013

Charles Haresnape, managing director of Residential Mortgages at Aldermore, said: “The demand for buy-to-let continues apace as some buyers struggle to buy homes of their own.

“With rents reaching record highs landlords are looking for ways to increase their borrowing and also release equity so that they can add to their property portfolios.”

Highlights from the range include a 3-year buy-to-let fix at 4.98% with 2.5% completion fee, a 5-year buy-to-let fix at 5.28% and a 2-year NewBuy fix AT 4.99% with no completion fee.

Haresnape added: “As Britain’s leading challenger bank we’re delighted to make these rate cuts to help property investors and further develop the buy-to-let market. We’re also delighted to be reducing the rates and introducing a new option without completion fees on our NewBuy range.”

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