Lender launches new mortgage product for landlords

Lender launches new mortgage product for landlords


Todays other news
Landlords have overcome other obstacles and will overcome this, it's...
This looks at the provisions of the Landlord and Tenant...
50% of all homes need to be heated by a...
Over 50% of landlords in the survey say the Renters...


Specialist lender Aldermore has launched new and reduced limited edition Buy To Let and residential owner-occupier mortgage products.

For individual and company landlords with single residential investment properties, the lender reduced its five-year fixed rates at 65% Loan To Value with rates starting from 4.89%, and launched a new 5-year fixed at 75% LTV with rates starting from 4.99%.

For its multi-property product for individual and company landlords, Aldermore has cut its five-year fixed at 65% LTV with rates from 4.79% and launched a new five-year fixed at 75% LTV, with rates from 4.89%.

In its residential owner-occupier level 1 limited edition range, Aldermore has also launched new limited editions with zero fee, all products up to 80% LTV, with a two-year fixed from 5.79% and a five-year fixed from 5.34%.

Meanwhile another lender – Funding 365 – has launched three and five-year buy to let offerings for England, Wales and Northern Ireland.

The products cater for social housing, HMOs, MUFBs, student accommodation and holiday lets. Semi-commercial properties are also considered where commercial is less than 30% of the total value.

Expats and foreign nationals with a UK credit footprint, offshore companies and first-time buyers will all considered on a case-by-case basis, while loan sizes range from £100,000 to £5m in England and Wales, and £100,000 to £3m in Northern Ireland and fixed interest starting at 7.49% per annum with a 2% arrangement fee.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Apparently very few plan to sell some of all of...
Universal Credit Fair Repayment Rate will drop from 25% to...
The majority of parents are willing to act as ‘Parent...
People living near new pylons across Britain will get money...
The tenant was in hospital when he was evicted illegally...
The controversial proposal is backed by the Welsh Government...
The most vulnerable tenants may pay the highest price...
Recommended for you
Latest Features
Landlords have overcome other obstacles and will overcome this, it's...
This looks at the provisions of the Landlord and Tenant...
50% of all homes need to be heated by a...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here