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Aldermore cuts rates and launches two-year fixed buy-to-let deal

  • 29/09/2015
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Aldermore cuts rates and launches two-year fixed buy-to-let deal
Aldermore has lowered rates across its buy-to-let and residential mortgage range and launched a two-year fixed residential mortgage at a record-low for the lender.

Rates start from 3.98% on Aldermore’s two-year fixed rate buy-to-let mortgage up to 75% loan-to-value (LTV), with rates starting from 4.28% on deals up to 80% LTV.

The bank has also launched a two-year fixed rate residential mortgage starting at 3.48% for deals up to 75% LTV and from 3.98% up to 80% LTV – the lowest-ever rate for this product offered by the lender.

Charles Haresnape, group managing director, mortgages at Aldermore, said: “As a result of the strong demand in the remortgage and buy-to-let markets we have looked to cut rates in these areas to help our customers get the best deals possible. This is reflected by our new two-year fixed rate residential mortgage making it the lowest rate we have ever offered.

“Low interest rates and a shortage of supply continue to drive a healthy level of demand within the housing market and a competitive environment for lenders providing better choice for customers. With data from the Council of Mortgage Lenders showing house purchase lending up 9% in July, as well as a continued strong growth in year-on-year activity in the buy-to-let sector, we expect a strong second half of 2015.”

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