fbpx

Aldermore cuts buy-to-let and remo rates

Sarah Davidson

September 29, 2015

The changes include the launch of the Bank’s lowest ever 2-year fixed rate residential mortgage.

Available immediately the new products include:

Buy-to-let

• 2 year fixed rates from 3.98% up to 75% LTV and from 4.28% up to 80% LTV

• 3 year fixed remortgage option with no valuation, legal or completion fees at 4.98% up to 75% LTV and 5.28% up to 80% LTV (booking fee £199)

Residential mortgages

• 2 year fixed rates from 3.48% up to 75% LTV and from 3.98% up to 80% LTV

Charles Haresnape, group managing director of mortgages at Aldermore, said: “Low interest rates and a shortage of supply continue to drive a healthy level of demand within the housing market and a competitive environment for lenders providing better choice for customers.

“With data from the Council of Mortgage Lenders showing house purchase lending up 9% in July, as well as a continued strong growth in year-on-year activity in the buy-to-let sector, we expect a strong second half of 2015.”


Sign up to our daily email