Aldermore, the specialist finance lender, has launched a new residential range and cut rates across its existing products.
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.”
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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.