Aldermore cuts rates

Sam Cordon

July 1, 2013

Aldermore’s 75% loan to value 2-year fixed rate buy-to-let product is now available at 3.98% and its 80% LTV product is available at 4.48%.

Limited edition term variable rates are also available as part of the buy-to-let range at 3.98% for up to 65% LTV and 4.28% up to 75% LTV.

On the residential side Aldermore has reduced the rates on its 3-year fixed rate remortgage product to 4.48% up to 65% LTV, 4.88% up to 75% LTV and 5.28% up to 80% LTV.

Charles Haresnape, managing director of Residential Mortgages at Aldermore, said: “We’re delighted to be announcing these rate cuts at a time when many brokers are fearful that mortgage rates may soon start to move upwards.

“We will be keeping a careful eye on swap rates and the Limited Edition rates are therefore subject to withdrawal at short notice.

“We urge brokers to take advantage of these very competitive deals while they are still available.”

Aldermore will also be reducing its 3-year fixed & term variable rates to 4.98% up to 75% LTV on buy-to-let remortgages and launching new 3-year fixed and term variable rates of 5.48% up to 80% LTV.

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