The new offering for individual landlords with single residential properties is available at up to 80% LTV, at a two-year fixed rate at 3.88%, and a five-year fix at 3.98%, all with fees of 1.5%. The five-year fixed rate is also available up to 75% LTV at 3.48%.
Five products up to 80% LTV have been added for company landlords with a single residential property, with two and five-year fixed rates starting from 3.88%.
Jon Cooper, head of mortgage distribution at Aldermore, said: “With the outlook for the economy looking more favourable, due to the success of the vaccination programme and the near ending of social distancing restrictions, now is the time many landlords will be considering their future strategies.
“So we’re delighted to announce a wave of new products and better rates to help those landlords, both big and small, realise those future portfolio goals.”
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Aldermore recently provided a £4.2m commercial residential refinance loan to McIver Homes, for the refinance of 41 apartments and 28 houses in Newcastle upon Tyne.