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TODAY'S OTHER NEWS

Aldermore overhauls company BTL products

Aldermore has cut its company buy-to-let remortgage and company multi property purchase and remortgage products by up to 0.3%. 

The move by the specialist bank is designed to help landlords looking for long-term stability when planning to grow their portfolio, purchase multiple properties or remortgage.

Five-year fixed rate company buy-to-let remortgage products are now available from 3.98% up to 75% loan-to-value (LTV) and 4.58% up to 80% LTV.

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Multi property purchase and remortgage highlights include a five-year fixed rate at 3.78% up to 75% LTV or 4.38% up to 80% LTV.

Damian Thompson, director of mortgages at Aldermore, commented: “We are pleased to announce our latest commitment to supporting landlord customers, as the private rented sector plays a pivotal role in the UK housing market. 

“Buy-to-let activity has stabilised in recent years as the sector has settled after a number of regulatory changes, and many landlords are now looking at how they can manage their portfolios in the future.

“According to the latest BDRC data, over seven in ten landlords intend to fund their next portfolio purchase with a buy to let mortgage, so at Aldermore we want to make sure we are providing products that align with landlords’ needs. Our human approach to lending enables us to consider each application on individual merits, which gives us an opportunity to help as many people as we can with their borrowing needs.”

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