Together, Gatehouse Bank and Aldermore revise BTL product suites

Together, Gatehouse Bank and Aldermore Bank have announced changes to their BTL product ranges.


Together has cut rates and increased LTVs across its BTL products to help landlords looking to buy or refinance.

The rates on its first-charge BTL range have been reduced from 4.99% to 4.49% — the lender’s lowest ever.

Together has also cut the rates for its two- and five-year fixed BTL mortgages to 4.79% and 4.99%, respectively.

Meanwhile, second-charge BTL variable rates are now available at 5.99%, down from 6.99%.

In addition, the lender upped the maximum LTV for remortgage and second-charge loans from 70% to 75%.

Sundeep Patel, director of sales at Together, said: “We’re delighted to be able to offer our lowest ever rates as part of a series of changes to our BTL products.

“The BTL lending market has become increasingly competitive since the start of the year with new entrants into this space and, in introducing these changes, we want to make sure that we’re offering the right solutions for clients at the right rates. 

“At Together, we have spent a great deal of time getting invaluable feedback from our broker community so that we can simplify, improve and refine our products to make sure that intermediaries can provide their clients with the best outcomes. 

“Our product changes will allow them to achieve their ambitions, whether that’s buying their first rental property, remortgaging to a more competitive deal, or expanding an existing portfolio.”

Gatehouse Bank

Gatehouse Bank has introduced a limited-edition set of rental rates for its BTL product range above £500,000.

The offer brings rates down by 50 bps, with pricing for its two-year options starting from 2.89% on BTL purchases for UK residents, 2.99% for UK expats and 3.39% for international residents.

Meanwhile, the new five-year rates are available from 3.25% for UK residents and expats, and 3.59% for international borrowers.

The reduction applies to purchases made both by individuals and corporate entities.

The bank is also fixing the product fee for these products at £5,000 for all customers and property types, on loan sizes between £500,000 and £5m. 

These rental rates and fixed fees are part of a limited tranche of funds and could be withdrawn at any time without notice.

John Mace, product manager at Gatehouse Bank, said: “We’re delighted to offer these limited-edition rental rate reduction products for landlords in a period of rising rates. 

“The property market remains incredibly busy, so we hope many BTL investors needing finance over £500,000 will be able to act quickly to make the most of these attractive rates and lower fees while they last.”

Aldermore Bank

Aldermore Bank has announced a number of changes to its BTL mortgage range, including a new limited-edition product and rate reductions, which will apply from 3rd March.

The new five-year fixed-rate product — available for individual landlords with single residential properties — is priced at 2.68% at 75% LTV, and comes with a 1.5% fee.

In addition, the lender has reduced its existing options for individual borrowers with single residential properties by 20bps for two-year fixes and by 30bps for five-year fixes.

Aldermore’s range for company landlords with single units has also seen rate cuts of up to 20bps on two-year options and up to 30bps for five-year fixes, with prices now starting from 3.18%.

The lender made identical rate cuts across its single unit multi-property BTL range — available for borrowers submitting two or more individual properties at the same time on one application — which is now available at:

  • 2.98% at 75% LTV with 1.5% fee (two-year option)
  • 2.98% at 75% LTV with 1.5% fee (five-year option)
  • 3.28% at 75% LTV with no fee (five-year option)

Jon Cooper, head of mortgage distribution at Aldermore, said: “We’re committed to supporting a robust private rented sector that provides quality and choice to tenants across the UK. 

“Landlords, no matter how big or small, play a significant role in today’s housing market, so we believe it’s important to ensure our products continually meet their needs and help them realise their ambitions. 

“Our latest changes will deliver greater choice for landlords in a time when many are looking at what their future portfolio strategy will be.”

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