Aldermore has introduced a new limited edition rate on its standard and specialised buy-to-let product range.
The new rate is available for loans from £250,000 up to £1m, and is available to both individuals and limited companies applying for standard residential units.
Available immediately, the new product has an initial rate of 3.93% for two, three and five-year fixed rates available up to 80% LTV. It is available for both for purchase and remortgage and comes with a completion fee of 1.50% and booking fee of £199.
Charles Haresnape (pictured), Aldermore’s group managing director for mortgages, said: “Aldermore looks to support buy-to-let investors wherever possible, and our newest competitive rate is a sign of that commitment. By offering the same rate for two, three and five-year fixes, customers will have the flexibility to make the best decision for their situation, rather than feeling steered towards a fix that may not be a perfect fit.
“Buy-to-let mortgages accounted for a quarter of all home loans granted in March, and while much has been made of the recent changes, 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.”