History being made by Bank Aldermore lowest ever buy-to-let term variable rate, and with no reversion rate
Aldermore has released a new limited edition buy-to-let remortgage product, the Bank’s lowest ever buy-to-let term variable.
Who is Aldermore Bank
- 3.49% variable rate for term (AMR -1.49%)
- Up to 80% LTV
- Rental calculation based on the product pay rate
This new product is available to all those looking to remortgage and carries a 2.00% completion fee. The new offering provides landlords with Aldermore’s lowest ever buy-to-let term variable rate, and with no reversion rate, and the calculation of pay rates on rental yields, landlords are able to borrow a larger amount. This remortgage option also supports Aldermore’s no portfolio limits policy.
how they function
“With the current range of competitive mortgage products available, it is no surprise that we are seeing higher remortgaging levels, with the number of remortgage loans advanced in September growing by 12% from August, a year-on-year rise of 4%.
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“This new rate underlines Aldermore’s commitment to offer flexible and competitive finance options to both new and existing customers.”
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