In the same week that the specialist lender revealed the appointment of new heads for enterprise risk and relationship management, it has disclosed updated rates for its BTL product range.
These include:
- 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)
Some of Aldermore’s mortgages are available with no product fee, including a 4.48% fixed rate at 75% LTV and a 4.88% fixed rate at 80% LTV.
- Aldermore appoints new relationship manager
- Aldermore snaps up ex-RBS head
- Four out of five SMEs confident about 2017
Charles Haresnape, group managing director at Aldermore, said that its new products for private individuals reaffirms its commitment to supporting the UK’s landlords.
He added: “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.”
Recently, both Shawbrook and Paragon Mortgages announced changes to their buy-to-let product ranges.
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