Three-year fixed rates have been reduced from 6.19 percent to 5.99 percent on the complete range of investment and owner-occupied products.
Residential investment rates at 70 percent LTV have fallen to 5.89 percent on both interest only and capital and interest options, having previously been 6.19 per cent.
The new rates in full are:
Residential Investment Reduced from 6.19 per cent to 5.89 per cent:
• Amortising up to 70 per cent LTV;
• Interest only for 2 years up to 60 per cent LTV;
• Interest only for 3 years up to 50 per cent LTV;
• Interest only for 10 years up to 70 per cent LTV.
Commercial Investment and Commercial Owner Occupied at Reduced from 6.19 per cent to 5.99 per cent:
• Amortising up to 70 per cent LTV;
• Interest only for 2 years up to 60 per cent LTV;
• Interest only for 3 years up to 50 per cent LTV.
Commenting on the release of the reduced rates, Aldermore’s Commercial Mortgages Managing Director, Rob Lankey, said: “In light of the recent GDP figures and the Bank of England’s decision to hold the base rate at half a per cent yet again, there is more optimism about the British economy and as a consequence, greater certainty for investors too.
“We are seeing greater activity across the commercial and residential investment mortgage sector and these new rates demonstrate Aldermore’s continued determination to offer competitive rates across the market.”
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