Aldermore has introduced a new five-year fixed remortgage product for individual and company landlords with single residential investment properties.
It is available up to 75% loan to value (LTV) and comes with a product fee of £1,999. It is for remortgaging and capital raising for business purposes up to 75%.
There are no valuation or fund transfer fees, and assisted legal fees are available.
It comes with no background portfolio limits and multiple securities can be processed on one application
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.
“According to the latest BDRC data, nearly one third of landlords intend to remortgage within the next year, so at Aldermore we want to make sure we are providing products that align with landlords’ needs.
“The period of regulatory change in the sector has settled down now, so it is a good time for landlords to review their portfolios and look at how they want to manage them in the future.
“Our human approach to lending enables us to consider each application on individual merits, which gives us an opportunity to help as many people as we can with their borrowing needs.”