Aldermore has just launched a new two year fixed limited edition buy to let mortgage product – but it’s only for landlords with properties that have an EPC rating A, B or C.
The specialist lender has also reduced rates by 0.10% on its existing two year fixed limited edition products.
The following rates are available immediately:
For new customers
Individual and company landlords with single residential investment properties
- Reduced 2 year fixed 4.79%, up to 75% LTV with 3% fee
- New EPC A, B and C 2 year fixed 4.69%, up to 75% LTV with 3% fee
Multi property for individual and company landlords with residential investment properties
- Reduced 2 year fixed 4.74%, up to 75% LTV with 3% fee
Jon Cooper, director of mortgages at Aldermore, comments: “It’s a lively mortgage market right now, with recent volatility in swap rates offering brokers and their clients opportunities to secure timely rates. We’re pleased to make these latest changes, with some of our rates amongst the most competitive in the market right now when compared to our peers.”
Meanwhile Landbay has announced rate reductions across its buy-to-let product range, with rates falling by as much as 0.2%.
Standard two-year fixed rate products have seen the biggest reduction, with rates now starting at 3.59% at up to 75% loan-to-value. The 0.2% reduction also includes the AVM-supported range of standard two-year fixed rate products, which is designed to offer greater efficiencies and cost savings.
Standard five-year fixed rate products – available at up to 55% LTV – have been cut by 0.10%. So have Landbay’s popular range of non-portfolio products, which are suitable for landlords with three or less mortgaged properties.
It follows improvements last week across Landbay’s range of small HMO/MUFB products, where rates were cut by as much as 0.15%. All products are available using Landbay’s variable fee structure for enhanced affordability.
