Aldermore launches new 75% LTV products
Aldermore Bank has raised the LTV limit across several of its investment product ranges to 75 per cent
Aldermore Bank has raised the loan–to-value (LTV) limit across several of its investment product ranges to 75 per cent.
The Bank’s residential investment, commercial owner-occupied and commercial investment product ranges have all incurred the five per cent LTV increase.
Variable rates on Aldermore’s residential investment product range are from 4.85 per cent depending on the loan amount taken and the LTV chosen, with fixed-rate options starting from 5.89 per cent.
Commercial owner-occupied variable rates at 75 per cent LTV start at 4.65 per cent, with fixed-rates at 5.99 per cent.
Meanwhile, the commercial investment 75 per cent LTV variable rate mortgages are available from 5.1 per cent.
Rob Lankey, Managing Director, Commercial Mortgages, Aldermore Bank, said: “As part of Aldermore’s continued move away from ‘off-the-shelf banking’, we have increased our loan to value limit of our commercial mortgages range in a real effort to bring greater accessibility to customers.
“As the British economy continues to improve, Aldermore is responding accordingly.
“We now offer more flexibility than ever for landlords and property investors, while vigorously maintaining our responsible lending approach, attractive interest rates and the personal service that Aldermore is known for.”
Keywords: Aldermore, LTV, mortgage, product range, residential investment, commercial investment, Rob Lankey
Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/aldermore-launches-new-75-ltv-products