Aldermore will bring back a range of home loans, after it was among a swath of lenders that pulled products from the market following swap rate rises last week. Product rates are at up to 75 basis points higher.
The bank is reintroducing its buy-to-let, residential owner-occupied standard level 1, level 2 and high loan-to-value products for new customers, from 6 June.
It has also repriced its product switch loans for existing owner-occupied and BTL customers.
The firm says BTL rates will rise by between 50 basis points and 70bps.
Residential owner-occupied rates are up by between 50bps and 75bps.
Product switching rates on BTL products rise by between 49bps and 65bps.
Product switches on residential owner-occupied rates are between 50bps and 75bps higher.
Highlights of its changes include:
BTL
For individual landlords with single residential investment properties, plus free valuation
For company landlords with single residential investment properties, plus free valuation
Residential owner-occupied
Standard level 1, plus free valuation
High LTV, plus free valuation
For existing customers across product switch ranges, all products carry no fee
Residential owner-occupied standard
BTL for houses in multiple occupation and multi-unit freeholds (up to 6 rooms/6 units)
Last week, lenders pulled almost 400 home loans, around 300 BTL deals and raised rates, as firms reacted to the prospect of further Bank of England base rate rises, after inflation fell to higher-than-expected levels sparking a rise in swap rates.
Aldermore head of mortgages Jon Cooper says: “Withdrawing products was always a temporary measure and we’re pleased to offer a competitive range, giving customers even more choice to support their goals.”