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 Available immediately the new product includes: 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 Charles Haresnape, Group Managing Director – Mortgages at Aldermore said: “With the current range of competitive mortgage products available, it is no surprise that we are seeing higher remortgaging levels, with the number of remor...