Aldermore has launched a range of buy-to-let products aimed at portfolio landlords.
The specialist bank says the suite is made up of fixed-rate five-year loans, with a 7% product fee, which comes to market on 27 September at 9am.
The lender’s range covers:
BTLs for individual and company landlords with single residential investment properties
- At 5.09% to 75% loan to value
BTL multi-property products for individual and company landlords with residential investment properties
- At 5.09% to 75% LTV
Aldermore head of mortgages Jon Cooper says: “We understand the important role landlords play in the UK housing market and that they have varied portfolios which can often be overlooked by high street lenders.
“At Aldermore, we continue to review and build our product range to ensure landlords have a number of options available to help find a mortgage that is right for them.”
A range of lenders have cut rates after the Bank of England’s Monetary Policy Committee last week held the base rate at 5.25%, in a narrow 5-to-4 vote, following its previous rise on 3 August.
Many economists had expected a further 0.25% hike before the committee would consider how its previous 14 consecutive rate rises were feeding through the economy, as it battles inflation.
Also, last week, the cost of living unexpectedly slowed to 6.7% in the 12 months to August – down slightly from 6.8% in July.
