Aldermore introduces new limited edition BTL product

September 16, 2016

Aldermore Group PLC the specialist lender and savings bank announced this week the launch of its lowest ever Buy-to-Let (BTL) product at 2.99% aimed at Private Landlords, for loans up to £1 million.

The product applies to private individuals looking to either purchase or remortgage a buy-to-let property, and includes:

2.99% 5-year fixed rate up to 70% LTV

Product fee of 1.50%  and application fee of £199

Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, said:

“With the average monthly rent for a home in England and Wales rising to an all-time high in July, the buy-to-let sector continues to offer a strong investment opportunity, and is an increasingly important segment of the housing market.

“Our new fixed rate, which is available for both purchase and remortgage, is great for landlords looking to guarantee their mortgage repayments in the long term, allowing them to better plan their investments.

“Rising house prices have meant there is increasing demand for rental accommodation, and Aldermore is committed to supporting landlords and the vital role they play in the UK’s housing industry.”

Source of information from Aldermore website

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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