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Your buy-to-let customers can now borrow more on Aldermore’s 5 year fixed rates

05 April 2017

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Following their implementation of the PRA changes in December 2016, Aldermore have recently reviewed their affordability requirements and are pleased to announce they have lowered the stress rate and reversion rates on their 5 year fixed rate buy-to let mortgages. 

Their 5 year fixed rates are now from 3.28%, with a 2% product fee and reversion rates from 3.23%. Please see their updated guide for all their current buy-to-let products. 

How Aldermore’s reduced stress rate and reversion rates will impact affordability 

Aldermore’s previous stress rate for 5 year fixed rates was the higher of i) the pay rate or ii) 5.5%.

Their new affordability stress rate for 5 year fixed rates is now the higher of i) the pay rate or ii) the reversion rate + 0.75%. 

This change should make it easier for your landlord and limited company customers to get the loan they need.

To work out how much your customer could borrow with Aldermore, you can use their buy-to-let affordability calculator.  


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