The lender has upped its maximum loan sizes for single units, multi-unit freehold blocks (MUFBs) and houses in multiple occupation (HMOs) to £5m at 75% LTV to provide greater flexibility for portfolio landlords and investors. Originally, the maximum loan cap for a single unit was £4m, and for a HMO or MUFB, it was £2m.
At the same time, rates across the lender’s larger loans range have been reduced by 25 basis points (bps).
Meanwhile, all five-year fixed rates have been reduced by 10bps, with specialist products down by 15bps.
Quantum Mortgages has also aligned its pricing so two-year fixed rates are now priced identically to five-year fixes.
Last month, the lender increased the maximum LTV across most of its bridging products to 80%.
Aldermore Insights with Jon Cooper: Edition 5 – Feeling enthusiastic about next year’s run-of-the-mill market
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