
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
-
Aldermore appoints new head of intermediary distribution
Aldermore has appointed Nick Parker (pictured above) as its new head of intermediary distribution within its retail mortgage business...
-
Ipswich Building Society to develop enhanced savings proposition over next two years
Ipswich Building Society has confirmed that it will develop an enhanced savings proposition over the next two years, with a focus on both digital and face-to-face services...
-
BTR: Tenant poacher or happy bedfellow?
The sand has been shifting so much under the feet of private landlords that many may believe they are becoming an endangered species...
-
Paragon bolsters asset finance team
Paragon has appointed Jan Greenhalgh as head of new business within its asset finance division...
-
Gatehouse Bank appoints new director
Gatehouse Bank has appointed Roger Evans (pictured above) as its new director of home finance distribution...
-
Rob Lankey to join Shawbrook as director of commercial investment
Shawbrook has announced that Rob Lankey (pictured above) will join as its new director of commercial investment at the end of February...
-
Secure Trust Bank ceases new mortgage lending
Secure Trust Bank has revealed that it has ceased new mortgage lending...
-
Starling Bank announces three new partnerships
Starling Bank has expanded its banking services offering with the introduction of three new partners...
-
Mortgage advisers forecast almost no growth in business levels in Q1
Mortgage advisers expect business growth of only 0.1% in in Q1 2019, according to recent research...
-
Fidor partners with Finn AI to launch AI-powered chatbot for banks
Digital banking group Fidor has partnered with banking technology provider Finn AI to launch a new AI-powered chatbot for banks...
-
Tesco Bank cuts mortgage rates
Tesco Bank has reduced rates across its residential mortgage range...