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The bank also removed the additional 1% previously charged to limited companies to align them with its standard individual BTL deals.
Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, said: “With recent changes towards buy-to-let, Aldermore has looked to support those investing through limited companies by reducing rates in order to bring them in line with our product range for consumers.
“Feedback from our brokers shows an increase in the number of enquiries for buy-to-let products through limited companies.
“With one in five properties in the UK owned by a private landlord, the private rental sector is a hugely important component of the housing market, and supporting buy-to-let landlords is crucial at a time when housing supply pressures have seen the number of number of households renting rise from 2.3 million in 2001 to 5.4 million in 2014.”
Aldermore also reintroduced its BTL two year fixed rate deal for individuals at 4.68% for an 80% LTV.
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