New Buy to Let product range and 80% from AldermoreMake Text Bigger
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.
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
- 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
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