15:32 PM, 11th January 2012, About 10 years ago 2
News Sourced by Property118 News Team
Aldermore have increased the loan-to-value on its fixed buy to let range to 80%, as well as reducing its buy to let reversion rates by 0.5%. They’ve also reduced their two year discount and three and five year fixed rates.
The maximum portfolio size has been increased to 5 properties and £2million with a maximum loan available at £400,000. The property must also be valued at over £75,000.
The increase is not available to first-time landlords though.
“We are very comfortable with the way our buy-to-let portfolio is performing and feel the time is now right to strengthen our range.” said Aldermore’s managing director Charles Haresnape.
“These enhancements to both criteria and rates will ensure our buy-to-let products are among the most competitive available and I have no doubt they will be popular with both brokers and their clients.” He added.
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