Aldermore has reduced its two-year fixed rates for private individuals on buy-to-let mortgages and remortgages.
Meanwhile selected mortgages, also fixed for two years, will be available with no product fee.
The deals with reduced rates include two at 80 per cent loan-to-value, at 3.88 per cent with a 2.5 per cent product fee and at 4.38 per cent with a £1,999 fee.
They also include two at 75 per cent LTV, one at 3.48 per cent with a 2.5 per cent product fee and another at 3.98 per cent with a £1,999 fee.
Charles Haresnape, group managing director for mortgages at Aldermore, said: “The latest data from the Council of Mortgage Lenders for November saw the highest level of gross buy-to-let lending since the changes to stamp duty in April, and our new products for private individuals reaffirm our commitment to supporting the UK’s landlords.
“With persistent supply pressures, the UK’s private rental sector continues to play an increasingly important role in the housing market.
“While much has been made of the recent changes to buy-to-let, the majority of landlords see buy-to-let property as a long term investment, and we can expect to see robust growth in the sector during the rest of the year.”
The new rates available with no product fees are at 4.48 per cent for 75 per cent LTV and at 4.88 per cent for 80 per cent LTV.
Kevin Dunn, a mortgage adviser with Leicester-based Furnley House, said: “Aldermore wouldn’t be top of the pile if you had a client looking for the cheapest deal but they are good for their affordability calculations and they can be quite generous.
“They have got some good deals for limited company buy-to-let and HMOs.”
