The multi-property remortgage product – for landlords with single residential units – will have no valuation or product fees and will have free standard legal fees.

The limited edition product is available to customers with an existing Aldermore mortgage and new customers submitting a second or subsequent remortgage application(s), or submitting multiple applications at the same time.

It is available for a five-year fixed rate up to 75% LTV at 3.48% and up to 80% LTV at 3.78%.

Aldermore announced the appointment of its new director of retail mortgages, Damian Thompson, this week.

He said: “The BTL market has experienced vast amounts of change over the past two years, due to a multitude of regulatory, underwriting and tax changes.

“Our recent research shows that individual landlords are feeling the force of these changes as they are less optimistic than portfolio landlords about the opportunity the BTL market currently offers.

“Over two fifths (41%) of portfolio landlords aim to expand their portfolios over the next 12 months, whereas just over one in 10 (12%) individual landlords plan to purchase more properties.

“With this in mind, we recognise the challenges individual landlords are facing, so we continue to review our products in order to provide landlords with the support they need.”