The move is part of the bank’s effort to help landlords who are looking for long-term stability in planning to grow their portfolio, purchase multiple properties or remortgage.
Within its company BTL remortgage range, Aldermore’s 75 per cent loan-to-value (LTV) five-year fixed now has an initial rate of 3.98 per cent while its 80 per cent LTV five-year fixed has a rate of 4.58 per cent.
As for its company BTL multi property purchase and remortgage products, up to 75 per cent LTV five-year fixed has a rate of 3.78 per cent and up to 80 per cent LTV five-year fixed has an initial rate of 4.38 per cent.
Damian Thompson (pictured), director of mortgages at Aldermore, said: “We are pleased to announce our latest commitment to supporting landlord customers, as the private rented sector plays a pivotal role in the UK housing market.
“Buy to let activity has stabilised in recent years as the sector has settled after a number of regulatory changes, and many landlords are now looking at how they can manage their portfolios in the future.”
He added: “According to the latest BDRC data, over seven in 10 landlords intend to fund their next portfolio purchase with a buy-to-let mortgage, so at Aldermore we want to make sure we are providing products that align with landlords’ needs.”