Brokers Review of Aldermore Bank’s Buy to Let Mortgages

by Mark Alexander

5 years ago

Brokers Review of Aldermore Bank’s Buy to Let Mortgages

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Brokers Review of Aldermore Bank’s Buy to Let Mortgages

Aldermore Bank have recently refreshed their buy to let rates and terms. I asked my mortgage broker what he thought and what the interesting features are for buy to let landlords within the Aldermore product range.

His response was:-Brokers Review of Aldermore Bank's Buy to Let Mortgages

Features of the Aldermore Bank Buy to Let Offerings

  • no minimum income (unless a first time landlord)
  • rental income accepted as sole income
  • maximum age 85
  • BTL loan affordability based on 100% of pay rate (rather than a higher reversionary rate that others use)
  • no limit of ‘background’ BTL’s
  • available for purchase AND remo up to 80%LTV
  • maximum 5 Buy to Let properties (plus 1 residential property), subject to a maximum total exposure of ¬£2m with Aldermore mortgages
  • sadly though – England and Wales only at the moment (a strong¬†whisper is that Scotland will be added soon)

If you would like me to introduce you to my mortgage broker please complete the form below.

Contact Howard Reuben

Mortgages, Commercial and Bridging Finance, Life Insurance, Wills, Trusts and LPA's
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Comments

Howard Reuben

4 years ago

Update to above

Aldermore now lends in Scotland too!

All other criteria remains as good too!

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