11:11 AM, 14th November 2019, About 2 years ago
Aldermore Specialist Bank, has launched a new 5 year fixed remortgage product for individual and company landlords with single residential investment properties. The move is to help landlords looking for long-term stability when managing their portfolios.
The product is now available:
75% loan-to-value (LTV), 5 year fixed initial rate 3.68%, with a product fee of £1,999.
No valuation or fund transfer fees, and assisted legal fees are available
No background portfolio limits
Multiple securities can be processed on one application
Remortgage and capital raise for business purposes up to 75%
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. According to the latest BDRC data1, nearly one third of landlords intend to remortgage within the next year, so at Aldermore we want to make sure we are providing products that align with landlords’ needs.
“The period of regulatory change in the sector has settled down now, so it is a good time for landlords to review their portfolios and look at how they want to manage them in the future. 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.”
1 Data from the Q3 2019 Landlords Panel report from BVA BDRC, undertaken in partnership with the National Landlords Association (NLA).
If you require assistance with any type of property finance please complete the form below and we will be happy to help.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleCan I contract that any new tenant provides their own reference?
Next ArticleGolden Handcuffs?
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|