Buy to let mortgage rates are adjusted by Aldermore.
Aldermore recently withdrew various buy to let mortgage rates advising that new deals would be launched at a later date.
Competition in the buy to let mortgage sector is increasing as more potential investors look for a deal. Rising rental income is proving hard to resist and more home-owners wanting to invest are looking for a competitive product. To help this growth sector lenders have started to increase their range of buy to let mortgages.
The latest buy to let news is from Aldermore who have just re-launched their 2 year fixed product range.
They are now offering various new 2 year fixed rate mortgage options. For 65 per cent loan to value Aldermore now offer a rate of 4.78 per cent, for 75 per cent loan to value they now offer a rate of 4.98 per cent and for 80 per cent loan to value a rate of 5.98 per cent is offered.
The lender advises that all other mortgage products are to remain unchanged.
A Moneyfacts spokesperson recently advised that the buy to let boom has led to a widened choice of mortgage products for landlords but rates could be on the increase. Therefore, if you are looking to invest you should be comparing deals now.
If you are considering property investment and are interested in buy to let mortgage rates Deal Direct can help. We can source the most competitive deals available on the UK market and advise on which options are best suited to your circumstance.
Contact our highly skilled impartial advisers today and we can begin a 'whole of market' search on your behalf.
