The new range of fee-free mortgages comes with free legals on remortgages. Rates start at 3.08% up to 75% LTV and from 3.28% at 80% LTV for the two-year fix. For the five year fix, rates start at 3.38% up to 75% LTV and from 3.58% up to 80% LTV.
The lender has also reduced rates by 30 basis points on selected purchase and remortgage products which charge a £999 fee. At 75% LTV, the two-year fixed rate is now 2.78% and for the five-year fixed rate, at 2.98%. At 80% LTV, the two-year fixed rate has been reduced to 3.08% and for the five-year fixed rate, to 3.28%.
Jon Cooper, head of mortgage distribution at Aldermore, commented: “We’re delighted to introduce improvements to our residential mortgage range, providing new pricing, product choice and removal of fees to support prospective and existing homeowners.
“At Aldermore, we aim for a human approach when it comes to supporting those with complex needs or less than perfect credit. Our enhanced human underwriting process allows us to dig into the detail of a borrower’s application, crucial against today’s market backdrop. This gives us a better understand of the ever-widening range of individual circumstances so we can better serve new and existing borrowers in 2022.”
Original article featured here…
Aldermore recently appointed three new property development managers to its commercial real estate team, as part of its growth strategy; Pamela Mitchell, Jonathan Driver and Kirsty Dyke.