Aldermore launches changes to BTL product range
Aldermore launched yesterday two limited edition changes to its standard buy-to-let (BTL) product range.
The changes are:
3.18 per cent to 70 per cent LTV (loans up to £1m)
3.25 per cent to 75 per cent LTV (loans up to £600,000)
The loans are available for private individuals on purchases and remortgages, they both have a product fee of 1.50% and an application fee of £199.
Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, said:
“In spite of a number of changes across the industry, we continue to see strong growth in the buy-to-let sector. The rush to beat the stamp duty deadline meant that there were 8 per cent more new properties advertised to rent in the second quarter of this year when compared to the year earlier, and the underlying fundamentals of the buy-to-let market remain strong.
“As a specialist lender, we understand the needs of our customers. Through the changes we’ve made today we will continue to support landlords by updating our product range to suit them.”
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