New residential owner occupied, buy to let and product switch mortgage rates – from Tuesday, 6 June 2023
We’re re-launching our mortgage range, introducing new buy to let and residential owner occupied rates. We’re also launching new rates for existing Aldermore customers.
As a responsible lender, we had to make a quick decision in reaction to market conditions on Friday 26 May, to withdraw our buy to let and residential owner occupied range.
We appreciate it wasn’t the usual notice period we’d normally give you and we’re sorry about this.
The below rates will be available from Tuesday, 6 June 2023.
Buy to let
Buy to let for individual landlords with single residential investment properties + free valuation
► 2 year discounted with £1,999 fee, 5.98% to 75% LTV
► 2 year fixed with 1.50% fee, 6.49% to 75% LTV
► 5 year fixed with 1.50% fee, 6.39% to 75% LTV
► 5 year fixed with 1.50% fee for properties with EPC rating of A, B or C 6.29% to 75% LTV
► 5 year fixed zero fee, 6.69% to 75% LTV
Buy to let for company landlords with single residential investment properties + free valuation
► 2 year discounted with £1,999 fee, 5.98% to 75% LTV
► 2 year fixed with 1.50% fee, 6.49% to 75% LTV
► 5 year fixed with 1.50% fee, 6.39% to 75% LTV
► 5 year fixed with 1.50% fee for properties with EPC rating of A, B or C, 6.29% to 75% LTV
► 5 year fixed with zero fee, 6.69% to 75% LTV
Buy to let for individuals, companies, HMO and multi unit freehold (up to 6 bedrooms / 6 units)
► 2 year discounted with £1,999 fee, 6.48% to 75% LTV
► 2 year fixed with 1.50% fee, 6.99% to 75% LTV
► 5 year fixed with 1.50% fee, 6.89% to 75% LTV
► 5 year fixed with 1.50% fee for properties with EPC rating of A, B or C, 6.79% to 75% LTV
► 5 year fixed with zero fee, 7.19% to 75% LTV
Buy to let multi property product for Individual and company landlords with residential investment properties + free valuation
► 2 year discounted with £1,999 fee, 5.88% to 75% LTV
► 2 year fixed with 1.50% fee, 6.39% to 75% LTV
► 5 year fixed with 1.50% fee, 6.29% to 75% LTV
► 5 year fixed with zero fee, 6.59% to 75% LTV
Buy to let multi property for individuals, companies, HMO and multi unit freehold (up to 6 bedrooms / 6 units)
► 2 year fixed with 1.50% fee, 6.89% to 75% LTV
► 5 year fixed with 1.50% fee, 6.79% to 75% LTV
► 5 year fixed with zero fee, 7.09% to 75% LTV
Buy to let large loan HMOs and multi unit freeholds (over 7 bedroom / 7 units)
► 2 year discounted with £1,999 fee, 6.48% to 75% LTV
► 2 year fixed with 1.50% fee, 7.09% to 75% LTV
► 5 year fixed with 1.50% fee, 6.99% to 75% LTV
► 5 year fixed with zero fee, 7.29% to 75% LTV
Residential owner occupied
Residential owner occupied standard level 1 + free valuation
► 2 year discounted with £999 fee, 5.98% to 80% LTV
► 2 year fixed with £999 fee, 6.44% to 75% LTV
► 5 year fixed with £999 fee, 6.34% to 75% LTV
► 2 year fixed with zero fee, 6.69% to 75% LTV
► 5 year fixed with zero fee, 6.44% to 75% LTV
► 2 year fixed with £999 fee, 6.94% to 80% LTV
► 5 year fixed with £999 fee, 6.69% to 80% LTV
► 2 year fixed with zero fee, 7.19% to 80% LTV
► 5 year fixed with zero fee, 6.79% to 80% LTV
Residential owner occupied high LTV + free valuation
► 2 year discounted with £999 fee, 6.73% to 90% LTV
► 2 year fixed with £999 fee, 7.14% to 85% LTV
► 5 year fixed with £999 fee, 6.89% to 85% LTV
► 2 year fixed with zero fee, 7.39% to 85% LTV
► 5 year fixed with zero fee, 6.99% to 85% LTV
► 2 year fixed with £999 fee, 7.44% to 90% LTV
► 5 year fixed with £999 fee, 7.19% to 90% LTV
► 2 year fixed with zero fee, 7.69% to 90% LTV
► 5 year fixed with zero fee, 7.29% to 90% LTV
Residential owner occupied standard level 2 + free valuation
► 2 year fixed with £999 fee, 7.29% to 75% LTV
► 5 year fixed with £999 fee, 7.04% to 75% LTV
► 2 year fixed with zero fee, 7.54% to 75% LTV
► 5 year fixed with zero fee, 7.14% to 75% LTV
► 2 year fixed with £999 fee, 7.59% to 80% LTV
► 5 year fixed with £999 fee, 7.34% to 80% LTV
► 2 year fixed with zero fee, 7.84% to 80% LTV
► 5 year fixed with zero fee, 7.44% to 80% LTV
Product Switch
Product switch residential owner occupied standard
► 2 year discounted with zero fee, 5.98% to 80% LTV
► 2 year fixed with zero fee, 6.44% to 75% LTV
► 2 year fixed with zero fee, 6.94% to 80% LTV
► 5 year fixed with zero fee, 6.34% to 75% LTV
► 5 year fixed with zero fee, 6.69% to 80% LTV
Product switch residential owner occupied high LTV
► 2 year discounted with zero fee, 6.73% to 90% LTV
► 2 year discounted with zero fee, 7.23% to 95% LTV
► 2 year fixed with zero fee, 7.14% to 85% LTV
► 2 year fixed with zero fee, 7.44% to 95% LTV
► 5 year fixed with zero fee, 6.89% to 85% LTV
► 5 year fixed with zero fee, 7.19% to 95% LTV
Product switch residential owner occupied Help to Buy: equity loan
► 2 year discounted with zero fee, 6.48% to 75% LTV
► 2 year fixed with zero fee, 7.09% to 75% LTV
► 5 year fixed with zero fee, 7.09% to 75% LTV
Product switch Buy to let for Individual and company landlords with single
residential investment properties
► 2 year discounted with zero fee, 5.98% to 85% LTV
► 2 year fixed with zero fee, 6.49% to 75% LTV
► 2 year fixed with zero fee, 6.74% to 85% LTV
► 5 year fixed with zero fee, 6.39% to 75% LTV
► 5 year fixed with zero fee, 6.64% to 85% LTV
Product switch Buy to let for HMO and multi unit freeholds
(up to 6 rooms / 6 units)
► 2 year fixed with zero fee, 6.99% to 80% LTV
► 5 year fixed with zero fee, 6.89% to 80% LTV
| DIP guarantee |
| We guarantee our new business DIPs for 10 days – this secures the rate and product but it also gives you the time to gather all the information we need to review your case.
So, once you have everything in hand, this is when you should start uploading the checklist items in the portal. You’ll then have a further 10 working days to do this, but don’t forget, a fully packaged case at day 1 will be reviewed by our processing team, so this will speed up our decision making. Please note: Product Switch offers are valid for 7 days. |