These are for both individual and company landlords and come with zero fees for purchase and remortgage. They also have assisted legal fees, free valuations and zero funds transfer fees on remortgages.
Both products are five-year fixes, available at up to 75% LTV. For individuals and company landlords submitting two or more properties on one application, the rate is 2.98%. For individuals and company landlords submitting single residential investment properties, the rate is 3.8%.
For landlords looking to remortgages their HMOs and MUFBs, Aldermore has also introduced assisted legal fees.
Jon Cooper, head of mortgage distribution at Aldermore, commented: “We want to support the many landlords reviewing how they want to manage and grow their portfolios in the future. Our latest product offering provides landlords with competitive rates, assistance on fees, and gives them long term stability so managing their portfolios is easier.”
Original article featured here…
Aldermore recently provided a ten year, £16m, interest only commercial residential investment refinance loan to repeat customer Kexgill Nottingham Limited, a subsidiary of Kexgill Limited. The loan is to refinance ten student accomodation properties; nine are located in Nottingham and one in Liverpool, with a total of 369 bedrooms across the residential units.