Aldermore has launched residential mortgage products up to 85% loan-to-value for purchases and 90% for remortgages.
Under its purchase only range without a product fee and with a free valuation, and a maximum loan size of £500,000, Aldermore has introduced rates from 4.18% for 2, 3 and 5-year fixed mortgages up to 85% LTV. For 2, 3 and 5-year fixed options up to 95% LTV rates start from 4.88%, reduced from 5.08%.
Damian Thompson, director of mortgages, Aldermore, said: “Home buyers are more varied and complex than ever before and we want to provide products that fit them, not them that have to fit the product.
“Aldermore’s human approach to lending allows us to consider each case on its individual merits, so those that don’t fit in the boxes other lenders require have the opportunity to find the mortgage that is right for them.”
There’s fee free remortgage only products, with no product, valuation or legal fee. These include: 85% and 90% LTV with rates from 4.18%, reduced from 4.28%, offered at 2 and 5-year fixes, alongside the introduction of a 3-year fixed option.
For purchases and remortgages with a £999 product fee and maximum loan size of £500,000, there’s 2, 3 and 5-year fixes up to 85% LTV with rates from 3.88%, cut from 3.98%.
Aldermore is also reducing early repayment charges on 3 and 5-year fixed term mortgages.