Charles Haresnape, managing director of Aldermore Residential Mortgages, said: “We’re delighted to announce these rate reductions at a time when the mortgage market traditionally slows-down over the winter period.
“These rate cuts will be for a limited period only, so brokers need to submit cases as soon as possible to avoid disappointment.”
Aldermore’s residential term variable rate is now 3.98% to 80% LTV, down from 4.28%.
Its buy-to-let 2-year fixed rate is now 4.98% to 80% LTV (market leading), down from 5.78%.
And its buy-to-let term variable is now 4.48% to 75% LTV, down from 4.98%.
Its Family Guarantee Mortgage now has 2 and 3-year fixed reduced to 5.48% from 95% to 100% LTV, down from 5.98%
Aldermore is one of the participants in the Bank of England’s Funding for Lending scheme. It is one of the top five lenders registered with the scheme, ranked by the amount lent to households and companies in the third quarter of 2012.
Full product information, including a downloadable product guide can be found at: www.aldermore-mortgages.co.uk