Aldermore has cut its two-year fixed rates for private individuals on buy-to-let mortgages and remortgages.
Certain mortgages will also be available with no product fee.
This includes:
- 3.48% to 75% LTV (product fee 2.5%)
- 3.98% to 75% LTV (product fee £1,999)
- 3.88% to 80% LTV (product fee 2.5%)
- 4.38% to 80% LTV (product fee £1,999)
The new rates available with no product fees are:
- 4.48% to 75% LTV (no product fee, application fee £199)
- 4.88% to 80% LTV (no product fee, application fee £199)
Charles Haresnape (pictured), group managing director, mortgages, at Aldermore, said: “The latest data from the CML, for November, saw the highest level of gross buy-to-let lending since the changes to stamp duty in April, and our new products for private individuals reaffirm our commitment to supporting the UK’s landlords.
“With persistent supply pressures, the UK’s private rental sector continues to play an increasingly important role in the housing market. While much has been made of the recent changes to buy-to-let, the majority of landlords see buy-to-let property as a long term investment, and we can expect to see robust growth in the sector during the rest of the year.”