New Buy to Let product range and 80% from Aldermore

by Property 118

15:08 PM, 22nd July 2015
About 3 years ago

New Buy to Let product range and 80% from Aldermore

Make Text Bigger
New Buy to Let product range and 80% from Aldermore

Aldermore have combined and enhanced their Residential and Commercial Buy to Let product ranges providing solutions for many types of landlords with a full spectrum of products for simple to complex deals.Aldermore

Buy to let range improvements include:

  • 2, 3 and 5 year fixed rates from 4.18%
  • Term Variable rates from 3.93%
  • Maximum LTV increased to 80% LTV for single residential units
  • Arrangement and electronic transfer fees will now be added to the loan
  • Revised early repayment charges
  • Removal of 0.50% commitment fee and £500 fixed rate booking fee

Criteria improvements:

  • Interest only now available up to 35 years (for single residential units, multi freehold up to 4 units and HMOs up to 6 bedrooms)
  • Maximum term increased from 20 to 35 years (for single residential units, multi freehold up to 4 units and HMOs up to 6 bedrooms)
  • Minimum term 6 years across the range – this means clients can now be aged up to 79 ON APPLICATION (max age of 85 at the end of the term)
  • Maximum AST length increased from 12 to 36 months across our Standard range
  • Revised Buy-to-let valuation fees apply to all new applications

CLICK HERE to search for all Aldermore products and every other BTL lender

Alternatively if you need help with any type of property finance please complete the form below.

Contact Property118 for assistance

  • Please give us a few details so we can investigate and call you back


Comments

Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

OR

BECOME A MEMBER

Is there a minimum payment period that must be given?

The Landlords Union

Become a Member, it's FREE

Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agents

Learn More