Aldermore's Keystone buy to let mortgage rates fall.
Keystone discounted buy to let mortgage rates offered by Aldermore Bank Plc. have been reduced by 0.30%.
A 3 year buy to let rate is now available to investors from 4.98% for a 25% deposit.
Buy to let lending has not suffered a downturn unlike residential lending, and therefore mortgage providers keen to attract property investors are setting their rates competitively.
For individual property purchases for up to 75% LTV a rate of 4.98% is offered. For investors purchasing a multi-unit property a discounted keystone rate of 5.08% is available for 85% LTV and for HMO property for 75% LTV a rate of 5.18% is available.
Aldermore advise that rate reductions are possible and have been introduced because it has reset its Libor to 0.75%, which is a reduction of 0.30%.
Keystone buy to let mortgage rates have been reduced by 0.30% to reflect the new Libor setting which the lender hopes will attract property investors.
An Aldermore spokesperson commented saying that ever since its launch back in April, the Keystone buy to let mortgage range has been in high demand. The popularity of the product has far exceeded expectations, and by cutting its rates Aldermore hopes to further strengthen its buy to let market position.
For advice and a competitive quote call Deal Direct
