Aldermore has announced this week it will now be launching a new, limited edition rate on its standard and specialised buy to let mortgage range. Available for loans from £250,000 up to £1 million, this new rate is now available to both individual borrowers and limited companies.
The latest offer for buy to let landlords comes with an initial rate of 3.93% for 2, 3 and 5 year fixes up to 80% loan to value (LTV), which is available for both house purchase and remortgages with a 1.5% completion fee and £199 booking fee.
The recent release from Aldermore buy to let mortgages looks to provide further support to buy to let investors and offer increasingly competitive rates in line with it. By offering the same rate for 2, 3 and 5 year fixes, borrowers have the flexibility to make the right decision based on their situation rather than feel pressured into the quickest fix to remain safe from any imminent market changes.
Elsewhere in the market, Precise Mortgages has also launched a new range but this time for residential fixed rates, which now includes a 5-year fix at 3.99%. With a £2,500 arrangement fee, which can be added to the loan, this is available for purchase, remortgage and buy to let up to a maximum LTV of 75%. This is also available at 4.84% up to 80% LTV – also for purchase, remortgage or buy to let – both with a maximum age limit of 85.
In addition to this, Precise Mortgages has launched another range of fixed rates available for purchase, remortgage and first time buyers. This includes a 5 year fixed rate of 4.54% up to 80% LTV, which comes with no fee, or at a 2 year fixed rate of 4.14% up to 80% LTV with a £995 arrangement fee. A 2 year fixed rate of 4.39% is also available up to 80% LTV for purchase, remortgage and buy to let with a £2,500 fee.