Aldermore has refreshed its residential mortgage range, reducing rates across its high LTV products.
Available immediately, the range – which targets first-time buyers, second steppers and those looking to remortgage – includes a number of fee options to suit individual needs.
Two-year fixed rate (£999 product fee):
- up to 85% LTV – 3.98% (purchase and remortgage)
- up to 90% LTV – 4.28% (purchase only)
- up to 95% LTV – 4.78% (purchase only)
Two-year fixed rate (purchase only, no product, legal and valuation fees):
- up to 90% LTV – 4.58%
- up to 95% LTV – 5.18%
Two-year fixed rate (remortgage only, no product, legal and valuation fees):
- up to 85% LTV – 4.28%
- up to 90% LTV – 4.58%
The specialist bank has also refreshed rates across its three- and five-year fixed rate product range.
In addition, Aldermore has reviewed its lending tiers that support customers who have had credit blips in the past and reduced rates across its standard level two and three ranges.
Standard mortgage range level one:
Two-year fixed rate:
- up to 75% LTV – from 2.48% (purchase and remortgage, £999 product fee)
- up to 75% LTV – from 2.78% (remortgage only, no product, legal and valuation fees)
Standard mortgage range level two (£999 product fee):
- two-year fixed rate up to 75% LTV – from 3.48% (purchase and remortgage)
Standard mortgage range level three (£999 product fee):
- two-year fixed rate up to 75% LTV – from 3.98% (purchase and remortgage)
“The latest changes to our residential mortgage range are ideal for those looking to buy a new home or remortgaging as we enter the autumn housing market,” said Damian Thompson, director of mortgages at Aldermore (pictured above).
“The refreshed range offers customers competitive rates and a range of options, including free valuations and no legal fees.
“We are also pleased to announce reduced rates across our standard range of residential mortgages for levels two and three.
“We introduced these levels in April earlier this year, providing support to those people with small credit issues.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
FP Show confirms Zopa co-founder as keynote speaker
James Alexander, co-founder and former CEO at Zopa (pictured above), has been named as the keynote speaker at the forthcoming Finance Professional Show...
Metro Bank provides £4m invoice finance line to healthcare business
Metro Bank has provided a £4m invoice finance line to medical insourcing specialist 18 Week Support Group...
Modulr to create over 30 new jobs in Scotland
Modulr has completed its latest funding round led by digital venture builder Blenheim Chalcot, which takes the latter’s total investment in the payments fintech to £10.5m...
Specialist banks answer need for products that ‘reflect the reality of today’s society’
Better service and products are the main reasons why a broker would use a specialist bank, according to the latest poll by Specialist Banking...
Leeds Building Society cuts rate on retirement interest-only mortgage
Leeds Building Society has reduced its five-year fixed rate on its retirement interest-only mortgage...
60% of people want to know where their money is invested
Six out of 10 people (60%) want to know where their money is invested, according to the latest research published by Charity Bank...
Why commercial banks are in danger of being left behind
Harnessing a customer-first, technology-led approach, retail banks are paving the way with innovation...
Aldermore supports Quba Solutions with £10m facility
Aldermore has provided a £10m finance facility to Dorchester-based Quba Solutions...
TSB announces new SME banking leadership team
TSB has revealed its new SME banking leadership team as it prepares to launch its business banking proposition later this year...
Paragon Banking Group expects 25% BTL pipeline growth
Paragon Banking Group has announced that its BTL pipeline at 30th September 2018 is expected to be more than 25% higher than the level reported at the same time last year...
Development Bank of Wales moves into new Wrexham HQ
The Development Bank of Wales has opened its new headquarters in Wrexham at Yale Business Village...