Aldermore unveils 3.93% buy-to-lets

Aldermore has launched ‘limited edition’ buy-to-let fixes at 3.93% for 2, 3 or 5-years to 80% loan-to-value.

The rate is available for purchase and remortgage for individuals and limited companies while it comes with a completion fee of 1.50% and a booking fee of £199. Borrowers can take out a loan between £250,000 and £1m.

Charles Haresnape, Aldermore’s group managing director, mortgages, said: “Aldermore looks to support buy-to-let investors wherever possible, and our newest competitive rate is a sign of that commitment.

“By offering the same rate for 2, 3 and 5 year fixes, customers will have the flexibility to make the best decision for their situation, rather than feeling steered towards a fix that may not be a perfect fit.

“Buy-to-let mortgages accounted for a quarter of all home loans granted in March, and while much has been made of the recent changes, the majority of landlords see buy-to-let property as a long term investment, and we can expect to see robust growth in the sector during the rest of the year.”

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Ryan Fowler is the editor of Specialist Finance Introducer