Aldermore, the specialist finance lender, has relaunched its 95% LTV range for purchase only, and refreshed its wider owner occupied range.
The lender is offering the two-year fixed rate at 5.08% and a five-year fix at 5.28%, both at 95% LTV with a £999 product fee.
The purchase and remortgage products are limited edition, fee-free, with no product or valuation or funds transfer fee, and also come with free legals on remortgages. The two-year fixed rate is offered at 2.48% and the five-year at 2.68%, up to 75% LTV. Also available are a two-year fix at 2.78% and a five-year fix at 2.98%, both at up to 80% LTV.
Aldermore has also reduced rates on its standard level range by 0.10%.
Jon Cooper, head of mortgage distribution, Aldermore said: “It’s important people see they have the opportunity to realise their home ownership dreams, which is why we consider every application on its own merits, and pride ourselves on tackling even the more challenging applications. If there’s a way to make it happen, we’ll find it.”
Paul Shearman, mortgage, protection and GI proposition director, The Openwork Partnership said: “Buying a home is an important step in life but many would-be borrowers may feel it is unobtainable for them right now due to having to adapt their finances during the pandemic. With Aldermore’s expanded range, there will be more opportunity for those borrowers who need an individual approach to lending, whether they are self-employed, have a low deposit, or blips in their credit history.”
Original article featured here…
Aldermore recently enhanced its buy-to-let range with new products and reduced rates.