Aldermore has made changes to its owner occupier range of mortgages across both remortgage and purchase-only products starting at 2.38%.
These changes hope to help those stuck on standard variable rates, aiming to help any customers who could save on their monthly payments or who are unable to switch to a better deal with their current lender.
Charles McDowell (pictured), commercial director – mortgages, said: “In an environment of consistently low interest rates, it’s tempting for homeowners to relax and go with the flow, when it comes to their mortgage.
“The opportunity to remortgage could offer customers the chance to free up some cash, giving borrowers, in particular the self-employed, more flexibility.”
The reduced standard limited edition remortgage-only products are a 2-year fixed rate remortgage only at 2.38% up to 75% LTV (no upfront fees) – reduced by 0.10% and a 2-year fixed rate remortgage only at 2.68% up to 80% LTV (no upfront fees) – reduced by 0.10%.
The standard limited edition purchase-only products are a 2-year fixed rate purchase only at 2.38% up to 75% LTV and a 2-year fixed rate purchase only at 2.68% up to 80% LTV.