Available immediately, the product carries a 2% completion fee and includes up to 80% LTV and a rental calculation based on the product pay rate, which will enable landlords to borrow a larger amount.

Aldermore has today released a limited edition buy-to-let remortgage product offering the bank’s lowest ever variable rate for term of 3.49%. Available immediately, the product carries a 2% completion fee and includes up to 80% LTV and a rental calculation based on the product pay rate, which will enable landlords to borrow a larger amount.

The remortgage option also supports Aldermore’s no portfolio limits policy.

Charles Haresnape (pictured), group managing director for mortgages at Aldermore said: “With the current range of competitive mortgage products available, it is no surprise that we are seeing higher re-mortgaging levels, with the number of remortgage loans advanced in September growing by 12% from August, a year-on-year rise of 4%.”