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News > Products

Aldermore reduces rates across high LTV products

Martin Greenland | 16:59 Wednesday 5th September 2018

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.”

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