The two-year BTL discount range — available at up to 75% LTV — is priced at 5.88% for individual and company landlords with one property, 5.88% for borrowers with multiple investment properties, and 6.48% for HMOs/MUFBs.

The new discount suite includes a ‘switch to fix’ option, where post-completion borrowers can move onto a fixed rate available from Aldermore’s existing customer range without incurring an early repayment charge.

The lender has also added new two- and five-year fixed-rate products available at 75% LTV, which include a 1.5% fee.

The two-year fixes are offered at 6.99% for individual and company landlords with one property, 6.89% for borrowers with multiple properties, and 7.29% for HMOs/MUFBs.

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Meanwhile, the five-year fixed-rate options are priced at:

• 7.29% for individual and company landlords with single units
• 7.19% for multi property individuals and company landlords 
• 7.44% for HMOs/MUFBs

The lender also introduced a five-year fixed-rate option for multi property individuals with no fee, available at 7.49% at maximum 75% LTV.

Jon Cooper, head of mortgages at Aldermore, said: “We’re delighted to introduce improvements to our mortgage range, providing new pricing to support prospective and existing homeowners and landlords.

“Right now, people need a different type of bank, one that gets finance where it’s needed.

“Our latest changes will deliver more options to borrowers looking to find the right deal for them."