Aldermore buy to let mortgage rates fall below 4%.
Aldermore has cut its buy to let mortgage rates by as much as 0.74%. Their average 5 year variable rate for 75% LTV, is being offered at below 4% for the very first time.
Their limited edition product, is available to landlords who are seeking to apply for buy to let mortgages on single residential properties. In addition, Aldermore have removed the product fee.
This means that for up to 75% LTV, the new term variable rate buy-to-let mortgage, is being offered to landlords and would-be investors an unprecedented 3.68%.
Aldermore’s fixed rate 5 year product range has also been refreshed.
- For up to 70% loan to value, the mortgage rate available is 2.79%.
- For up to 75% LTV, the available rate is 2.99%.
- For up to 80% LTV, the rate is 3.25%, which has been cut from 3.99%.
For landlords and would-be landlords, Deal Direct can help you find exactly the right mortgage for you from all of the products on offer. Contact one of Deal Direct’s expert advisors and be assured of receiving ‘whole of market’ and impartial advice.
Deal Direct is regulated to offer independent mortgage advice. As we are not regulated to offer general financial advice, if you want to discuss whether property investment is right for you, you will need to contact an independent financial advisor.
Please note:
Buy to let mortgage applications from:
- applicants whose intention is to benefit from house price growth
- applicants whose intention is to benefit from rental income
- applicants who are letting to buy
will be treated as normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.
Call us today on 0800 048 8828 for a great buy to let deal.
