Aldermore’s cuts to its buy to let and residential mortgage rates include the launch of the Bank’s lowest ever two year fixed rate residential mortgage.
As of now, the following new products will be available from Aldermore Mortgages:
Buy to let
• 2 year fixed rates from 3.98% up to 75% LTV and from 4.28% up to 80% LTV
• 3 year fixed remortgage option with no valuation, legal or completion fees at 4.98% up to 75% LTV and 5.28% up to 80% LTV (booking fee £199)
• 2 year fixed rates from 3.48% up to 75% LTV and from 3.98% up to 80% LTV
Charles Haresnape, group managing director of mortgages at Aldermore, said:
"Low interest rates and a shortage of supply continue to drive a healthy level of demand within the housing market and a competitive environment for lenders providing better choice for customers.
"With data from the Council of Mortgage Lenders showing house purchase lending up 9% in July, as well as a continued strong growth in year-on-year activity in the buy-to-let sector, we expect a strong second half of 2015."
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