Aldermore launches buy-to-let 5-year fixes for limited time

Ryan Bembridge

August 23, 2018

Aldermore has launched two 5-year fixed rate buy-to-let remortgage products at 3.48% to 75% loan-to-value and 3.78% to 80% LTV.

The products are available for a limited time and come with no valuation or product fees, as well as free standard legals.

Damian Thompson, director of mortgages, Aldermore, said: “The buy-to-let sector plays a pivotal role in the housing market so we are pleased to launch our latest product.

“The limited edition products provide further support to landlords looking to remortgage one or multiple properties at the same time.

“The buy-to-let market has experienced vast amounts of change over the past two years, due to a multitude of regulatory, underwriting and tax changes.”

Individual landlords are less optimistic than portfolio landlords about the opportunities the buy-to-let market currently offers.

Over two fifths (41%) of portfolio landlords aim to expand their portfolios over the next 12 months, whereas just over one in 10 (12%) individual landlords plan to buy more properties.

The products are available to customers with an existing Aldermore mortgage, new customers submitting a second or subsequent remortgage application(s), or submitting multiple applications at the same time.

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