For existing customers, the two-year fix at 70% loan to value (LTV) with no fee has been cut by 0.35% to 6.44%. This is open to individual and company landlords with a single residential investment property.
The lender said this would provide borrowers with more choice.
Jon Cooper, director of mortgages at Aldermore, said: “We’re committed to delivering real value for brokers and their landlord clients, whether they’re buying their first investment property or reviewing their existing borrowing.
“We know brokers need a wide range of options to help their clients achieve their goals, and these rate cuts give brokers access to more competitive solutions in today’s market.”
In a recent video discussion with Mortgage Solutions, Cooper said the BTL market had professionalised and grown up, while L&C’s David Hollingworth said more limited company landlords would be in need of refinancing options.
Are your clients ready for the first Making Tax Digital reporting deadline?
Sponsored by BM Solutions
