Posts with tag: Aldermore

Aldermore changes five-year fixed BTL

Published On: April 5, 2017 at 1:19 pm


Categories: Finance News

Tags: ,,,

Aldermore has revealed a number of changes to its five-year fixed rate buy-to-let mortgages. This includes a review of its position regarding affordability.

The Bank has moved to alter its affordability stress rate to the higher of the pay rate or the reversion rate +0.75%, down from pay rate or 5.5%.

In addition, it has reduced reversion rates, which now start from 3.23%.

Five-year products

What’s more, Aldermore has launched some new five-year fixed rate products.

New standard buy-to-let rates include a 3.28% at 75% LTV with a reversion rate of 3.23% and a 5.28% for an 80% LTV, with reversion rate of 4.53%.

For limited companies, five-year fixed rates now start from 4.08% at 75% LTV with a reversion rate of 3.33% and at 5.28% up to 80% LTV with reversion rate of 4.53%.

Aldermore changes five-year fixed BTL

Aldermore changes five-year fixed BTL


Charles McDowell, Commercial Director of Mortgages at Aldermore said: ‘These changes are good news for both landlords and limited company buy-to-let investors.’[1]

‘Whilst there have been many changes to the buy-to-let market over the last 12 months, the improvement in affordability on our 5 year fixed products will provide much needed support to the market. The increasing number of renters combined with the on-going supply pressures across the private rental sector is evidence of the integral role buy-to-let plays within the UK’s housing market. Our new products reaffirm our commitment to supporting UK landlords,’ he added.[1]



BTL rates down by 0.30% at Aldermore

Published On: June 10, 2015 at 9:15 am


Categories: Landlord News

Tags: ,,

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.[1]

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. [1]

BTL rates down by 0.30% at Aldermore

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.’[1]

‘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.’[1]