Aldermore’s purchase volume (BTL) and existing clients’ residential owner range both lower interest rates and residential owner range.
For new customers, all Level 1 residential owner occupants have a fixed interest rate of 0.20% lower between 80% and 95% loan value (LTV) and starts at 5.75%.
In addition, the 2nd and 3rd fixed rates are up to 80% LTV, down 0.20% from 5.59%, while the 2nd fixed rates fall by up to 0.25% between 80% and 90% LTV, starting at 6.19%.
Prices for new BTL customers have also been trimmed. These include multiple occupancy and multiple position change homes with two-year fixed interest rates up to 0.30%, starting at 3.69%, and offering 3% and 5% fee options.
The equivalent five-year fixed interest rate has been reduced by 0.35% from 4.44%, with zero fees, 1.50%, 5%, 7% and £1,999 fees.
For individual and corporate landlords who own a single residential property, the biennium fixed interest rate has been reduced by as much as 0.20%, starting at 3.49%, with no fees, 1.50%, 3% and 5% fee options.
The five-year fixed interest rate has been reduced by 0.25%, with rates starting at 4.34%, zero fees, 1.50%, 5%, 7% and £1,999 fees.
Existing customers will also see lower rates for two- and five-year fixed rates for residential owners, which fell by 0.10% and start at 5.39%.
Within the same range, two- and five-year high LTV fixed rates will be reduced by up to 0.20%, starting at 5.94%.
Products from individual and corporate landlords of a single residential investment property will reduce the price of all fixed rates by 0.20%, starting at 5.79%, while all fixed rates for HMO and multi-unit freehold products will be reduced by up to 0.30%, starting at 5.89%.
“We know it’s a highly competitive market and if lenders want to win business from brokers, they have to be proactive,” said Jon Cooper, director of mortgage at Aldermore.
“The latest changes in our BTL range are designed to support landlords at every stage of the journey, from first-time investors to experienced portfolio holders, while our wider range of mortgages continues to help residential clients find the right solution to their homeownership needs.”
Earlier this month, Aldermore launched several zero-cost limited edition BTL products.
