Company Buy to Let rates reduced by 0.3%

by Property 118

14:59 PM, 24th September 2019
About 6 months ago

Company Buy to Let rates reduced by 0.3%

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Company Buy to Let rates reduced by 0.3%

Aldermore, the Specialist Bank, has today reduced by 0.3% its Company buy to let remortgage and Company Multi Property purchase and remortgage products. The move is to help landlords looking for long-term stability when planning to grow their portfolio, purchase multiple properties or remortgage.

Damian Thompson, Director of Mortgages, said: “We are pleased to announce our latest commitment to supporting landlord customers, as the Private Rented Sector plays a pivotal role in the UK housing market. Buy to let activity has stabilised in recent years as the sector has settled after a number of regulatory changes, and many landlords are now looking at how they can manage their portfolios in the future.

“According to the latest BDRC data, over seven in ten landlords intend to fund their next portfolio purchase with a buy to let mortgage, so at Aldermore we want to make sure we are providing products that align with landlords’ needs. Our human approach to lending enables us to consider each application on individual merits, which gives us an opportunity to help as many people as we can with their borrowing needs.”

Available immediately:

Company Buy to Let Remortgage only – reduced by 0.3%

  • 75% loan-to-value (LTV), 5 year fixed initial rate 3.98%
  • 80% loan-to-value (LTV), 5 year fixed initial rate 4.58%

Company Buy to Let Multi Property Purchase and Remortgage – reduced by 0.3%

  • Up to 75% loan-to-value (LTV), 5 year fixed initial rate 3.78%
  • Up to 80% loan-to-value (LTV), 5 year fixed initial rate 4.38%

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