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Aldermore reduces RESI and BTL rates

Aldermore has reduced fees for both Buys (BTL) and homeowner occupants for new and existing customers.

For new customers, all Level 1 homeowners have a fixed interest rate of 80% to 95% loans and value (LTV) down by 0.20%, starting at 5.75%.

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Additionally, Level 2 and 3 fixed interest rates up to 80% LTV were reduced by 0.20% and started at 5.59%, while Level 2 fixed interest rates for LTVs from 80% to 90% started at 6.19%.

The prices for new BTL customers have also been trimmed. These included two-year fixed interest rates for multiple occupants and multiple unit freeholders, starting at 3.69% and accompanied by 3% and 5% rate options, resulting in a reduction of up to 0.30%.

The equivalent 5-year fixed interest rate will be reduced by up to 0.35% to start at 4.44%, and will be supplied with zero fees, 1.50%, 5%, 7% and £1,999 fees.

For individuals and company landlords with a single residential property, the two-year fixed interest rate will be reduced by 0.20%, with no starting fees starting at 3.49%, with 1.50%, 3%, and 5% rate options.

The five-year fixed interest rate has been reduced by up to 0.25%, zero fees, 1.50%, 5%, 7%, £1,999, with rates starting at 4.34%.

Additionally, existing customers were reduced at homeowner occupants' standard fixed interest rates of 2- and 5-year, down 0.10% to start at 5.39%.

In the same range, the 2- and 5-year high LTV fixed rates are reduced by 0.20%, starting at 5.94%.

For products aimed at individual and company landlords with a single housing investment property, interest rate reductions of 0.20% start at 5.79% on all fixed interest rates, while HMO and multi-unit freehold products will reduce by up to 0.30% on all fixed interest rates starting at 5.89%.

“We're looking forward to seeing you,” said John Cooper, director of mortgages.

“The latest changes to BTL range are designed to support landowners at every stage of their journey, from first-time investors to experienced portfolio holders. Meanwhile, our wide range of mortgages range continues to help our residential customers find solutions that suit their homeowner's needs.”

Earlier this month, Aldermore launched several zero-price limited edition BTL products for landowners.

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