Aldermore has made the latest move in the mortgage market by announcing that is to reduce some of its BTL 2-year fixed rate mortgages by up to 0.30%.
Two-year fixed rate mortgage deals with the firm, which have a 2.5% completion fee, now begin from 4.18% for 70% and 75% LTV mortgages. For 80% LTV’s, rates now start from 4.68%, down from 4.78%, again with a 2.5% completion fee.
Additionally, two-year fixed rate mortgages with a £1,999 completion fee have now been reduced down from 4.98% to 4.68% for both 70% and 75% LTV’s. 
BTL rates down by 0.30% at Aldermore
Charles Haresnape, Managing Director of Mortgages and Commercial Lending Aldermore, feels that, ‘buy to let is a thriving sector of the housing market.’ He stated that, ‘we have made these changes to keep pace with demand and ensure our products are attractive to our customers in this very competitive market.’
‘Aldermore has developed clear expertise in the buy to let market due to our commitment to support a wide range of customer needs, from the simple to complex,’ Haresnape remarked. He went on to say that, ‘these changes further highlight our commitment to the buy to let market, which we believe will continue to flourish in the post-election and pension freedoms.’