Aldermore and CHL Mortgages have cut rates across their limited edition BTL range
Aldermore has introduced limited edition rates for landlords across its BTL mortgage range.
For new customers, the buy to let limited edition range has rates lowered by up to 0.20% across both two- year fixed and five- year fixed mortgages (up to 75% loan to value).
These rates are available for individual and company landlords with both single and multiple residential investment properties.
For example, for individual and company landlords with single residential investment properties, Aldermore is offering a five-year fixed 75% loan to value limited edition with 1.5% fee at 5.29% (previous rate 5.49%).
Multi-property product for individual and company landlords with residential investment properties, Aldermore is offering a five-year fixed 75% loan to value limited edition with 1.5% fee at 5.24% (previously 5.39%).
Commenting on the rate changes Aldermore director of mortgages Jon Cooper said: It is a lively mortgage market right now, which presents opportunities for brokers supporting landlords who are looking to expand their portfolios. These products give brokers more choice, reflecting Aldermore’s commitment to backing them in meeting their clients’ evolving needs.
CHL Mortgages has also cut rates by up to 0.20% across limited edition BTL range.
The cut means the lender’s range now features standard two-year fixed rate mortgages starting from 3.67%, with 5-year fixed rates starting from 4.24%.
For investors looking to buy small HMO or MUFBs with up to six bedrooms or units, rates for 5-year fixed rates now start from 4.28%.
Mortgages are available to individual and limited company landlords and borrowers can choose from a selection of fee options, with LTVs up to 75%.
