The BTL changes from Aldermore come into effect from 26 March.
The lender is bringing out two BTL products for landlords. This includes a five-year fixed rate up to 65% loan to value (LTV) with a 1.5% fee at 5.59%, and its fee-free version is 5.89%.
These deals are aimed at individual and company landlords with both single and multi-property residential investment properties.
Aldermore is cutting rates for its existing five-year fixed rates at 65% LTV with a 5% fee by up to 0.1%.
This includes its individual and company landlord with single residential investment property deal, which is priced at 4.8%, and its multi-property for individual and company landlords with residential investment properties is priced at 4.79%.
Jon Cooper (pictured), head of mortgages at Aldermore, said: “At Aldermore, we continually review our mortgage range against the current market environment, and we always seek feedback from brokers on what their clients really need from their lender.
“We’re pleased to introduce our latest wave of limited-edition products with this in mind, alongside a couple of targeted rate reductions to help more borrowers find the mortgage that’s right for them.”
A survey from Aldermore earlier this month showed that nearly three-quarters of landlords say operating in the sector is more difficult this year than the last 12 months.
The lender reported £15bn of net lending in the first half of last year and had delivered targeted lending growth in BTL and asset finance.
