Aldermore has launched limited-edition buy-to-let (BTL) two-year deals and product switches for landlords with larger complex properties.
The two-year fixes are for new BTL borrowers.
For borrowers with a single investment property, either in their name or borrowing through a limited company, there is an option with a 3% fee at 75% loan to value (LTV) and a rate of 4.94%.
For borrowers with multiple properties either in their name or under a limited company, there is a product at 75% LTV with a 3% fee and rate of 4.89%. With a £1,999 fee, the rate is 6.19%.
For existing borrowers with large houses in multiple occupation (HMOs) and multi-unit freeholds, there is a two-year fix up to 80% LTV with no fee and a rate of 8.29%, while the five-year fixed equivalent has a rate of 7.99%.
Jon Cooper, director of mortgages at Aldermore, said: “In an ever-changing mortgage market, brokers are always on the lookout for timely deals that suit their clients’ unique needs.
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“These latest limited-edition rates across our BTL range will help landlords, whether they’re a first-time investor or seasoned pro, to find the mortgage that’s right for them.”
Aldermore recently changed its BTL criteria for recent purchases, allowing landlords to remortgage one day after acquiring a property.
CHL Mortgages releases limited-edition BTL deals
CHL Mortgages has launched limited-edition two- and five-year fixes for standard and specialist BTL.
Its two-year fixed rates for standard properties start at 4.04% at 75% LTV, while five-year fixes begin at 4.74%.
For HMOs and multi-unit freehold blocks (MUFBs), two-year fixed rates begin at 5.55% at 75% LTV, and it is 4.78% for five-year fixes.
All products are available to individual and limited company landlords and include a range of fee options.
Ross Turrell, commercial director at CHL Mortgages, said: “Our new limited-edition range features competitive rates to give our broker partners even more ways to support their landlord customers.
“This launch reinforces our commitment to the intermediary market by ensuring they’ve got the products at their disposal to meet their clients’ needs.”
This month, CHL Mortgages has broadened its support team for brokers with the appointment of business development managers (BDMs) covering London, Essex and East Anglia.
