Limited edition Aldermore buy to let mortgage rates

May 11, 2016

Aldermore has announced this week it will now be launching a new, limited edition rate on its standard and specialised buy to let mortgage range. Available for loans from £250,000 up to £1 million, this new rate is now available to both individual borrowers and limited companies.

The latest offer for buy to let landlords comes with an initial rate of 3.93% for 2, 3 and 5 year fixes up to 80% loan to value (LTV),which is available for both house purchase and remortgages with a 1.5% completion fee and £199 booking fee.

The recent release from Aldermore buy to let mortgages looks to provide further support to buy to let investors and offer increasingly competitive rates in line with it. By offering the same rate for 2, 3 and 5 year fixes, borrowers have the flexibility to make the right decision based on their situation rather than feel pressured into the quickest fix to remain safe from any imminent market changes.

Elsewhere in the market, Precise Mortgages has also launched a new range but this time for residential fixed rates, which now includes a 5-year fix at 3.99%. With a £2,500 arrangement fee, which can be added to the loan, this is available for purchase, remortgage and buy to let up to a maximum LTV of 75%. This is also available at 4.84% up to 80% LTV – also for purchase, remortgage or buy to let – both with a maximum age limit of 85.

In addition to this, Precise Mortgages has launched another range of fixed rates available for purchase, remortgage and first time buyers. This includes a 5 year fixed rate of 4.54% up to 80% LTV, which comes with no fee, or at a 2 year fixed rate of 4.14% up to 80% LTV with a £995 arrangement fee. A 2 year fixed rate of 4.39% is also available up to 80% LTV for purchase, remortgage and buy to let with a £2,500 fee.

This blog is direct from Enness Private website, written by Natasha Tulett: https://www.ennessprivate.co.uk/rate-updates/limited-edition-aldermore-buy-to-let-mortgage-rates/

Enness Private: specialise in arranging mortgage loans for individuals from both the UK and overseas, who are either purchasing or refinancing residential or commercial property. Find out more here.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Estate Agent Talk

What to know when buying land

The closure of UK Land & Farms (UKLAF) has left a significant gap in the UK’s specialist land market with buyers and sellers now forced to adapt after 18 years of relying on UKLAF as the cornerstone of the industry. As interest in land continues to grow, the company says the closure also serves as…
Read More →
Letting Agent Talk

Tenant demand strong, landlord supply shrinking

New RICS data shows tenant demand at its strongest in over a year – while landlord supply keeps shrinking. That’s not bad luck. It’s a trust problem, and it’s fixable. “These numbers should be good news for landlords. Demand is the strongest it’s been in over a year. Instead, they are deciding to head for…
Read More →
Letting Agent Talk

Why Join a Letting Agents Association?

Why Every Letting Agent Should Join a Professional Body The lettings industry continues to evolve, with new legislation, increasing compliance requirements and higher expectations from landlords and tenants alike. For letting agents, staying informed and operating to recognised professional standards has never been more important. Joining a letting agents association provides far more than a membership…
Read More →
Breaking News

House price growth remained subdued in July

UK annual house price growth slowed to 1.8% in July, from 2.2% in June House prices were up 0.1% month on month Average time in a home is 14 years: 24 years for those owning outright and 5 years in private rented sector Three quarters of moves were within same tenure type in 2024/25 Headlines…
Read More →
Breaking News

Rent hikes and tighter tenant checks as landlord costs climb

Rising costs are prompting 63% of professional landlords to raise rents, prioritise lower-risk tenants and reassess portfolios Renters face a more expensive and more selective rental market as professional property investors respond to re-emergence of realistic gilt yields, rising operating costs and regulatory change by increasing rents and reassessing tenant risk and selection criteria, according…
Read More →
Rightmove logo
Breaking News

North-South divide for time to move as Londoners see longest wait

New analysis reveals a north-south divide in the time it takes to move home: In London it takes 174 days on average to go from agreeing a sale to completing a move, whereas it takes 141 days in the North East Scotland is the fastest part of Great Britain at 98 days, due to the…
Read More →