You are here: cherry > Press releases for August 2011 > Aldermore boosts its Buy-to-Let mortgage

05 August 2011

Aldermore, the new British bank, has launched a competitive rate for its Buy-to-Let range, following on from last week�s improvements to its lending criteria. �2yr fixed rate (Limited edition) Buy to Let rate of 4.18% LTV 75% �2yr fixed rate (Limited edition) Residential 3.98% LTV 75% �2yr fixed rate (Limited edition) Residential 4.48% LTV 80% Leading with a highly attractive Buy-to-Let rate of 4.18% up to 75% LTV and a completion fee of �1,999, coupled with last week�s improvements (products available to first time landlords and extending the lending age from 75 to 85 years) this is a clear demonstration of Aldermore�s commitment in the Buy to Let market. In addition, the Bank is offering a two year fixed rate residential mortgage at a rate of 3.98% with an LTV of 75%, as well as 4.48% with an LTV of 80% on a two year fixed rate residential mortgage, both on a limited offer with a completion fee of �999 on each product. Charles Haresnape, Managing Director of Residential Mortgages at Aldermore, said: �With Buy-to-Let mortgages, it�s all about giving landlords real options and combined with our new flexible lending criteria which we announced last week, this competitive rate consolidates the enhancements into a complete Buy-to-Let proposition.� David Whittaker, Managing Director of Mortgages for Business, said: �Aldermore has demonstrated yet again that it�s a serious player in the Buy-to-Let market. By filling the gaps in its lending criteria, Aldermore now has a highly competitive product line-up that should be part of any broker�s armoury. I have no doubt these changes and this highly competitive rate will be warmly received.� Full information about Aldermore�s Buy-to-Let products including rates, criteria and a downloadable product guide, are available at:- www.aldermore-mortgages.co.uk Or brokers can contact Aldermore direct on: 0333 321 1000 Aldermore markets its residential mortgages exclusively via regulated intermediaries and, unlike other lenders, decision-making is not dependent on credit scoring but is based on sensible underwriting rules and criteria applied by experienced staff.

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