The Peterborough-based lender has reduced its minimum loan size to £25,000 and cut the completion fee on its buy to let term product to 2%.
The lender has also reduced the Early Redemption Charge on its residential and buy-to-let term variable rate products and launched a buy to let two year fixed rate offered from 5.68%.
Charles Haresnape, managing director at Aldermore, said the move was a bid to broaden its product range and offer choice when many remain unsure if it’s the right time to fix.
“Our new one-year discount, for example, will appeal to borrowers looking for short-term flexibility and the reduced early repayment charge on our term variable rate will increase appeal for borrowers who don’t believe rates will rise significantly in the short-term,” he said.