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Aldermore reduces product switch rates

Jake Carter

March 30, 2021

Aldermore Bank has reduced its product switch rates for existing residential owner-occupied and buy-to-let (BTL) customers.

For residential owner-occupied properties, 2-year fixed rates start from 2.50% and 5-year fixed rates from 2.80%.

On BTL for individuals with single residential units, 2-year fixed rates start from 2.95% and 5 year fixed rates from 3.35%.

As well as this, on buy-to-let for company landlords with single residential units 2-year fixed rates start from 3.15% and 5-year fixed rates from 3.55%.

The products are available to both residential owner-occupied and BTL customers with single residential units once they have reached the end of their initial fixed rate period, or their early repayment charges come to an end.

Jon Cooper, head of mortgage distribution at Aldermore, said: “2021 is a year in which we want to show our ambition; we will not settle for simply recovery this year as we move towards a post-pandemic environment, but seek growth and innovation to what we can provide and do for our customers.

“I’m delighted to introduce our new loyalty range which offers some of our cheapest rates yet and, alongside our newly-streamlined broker switching portal, we are providing benefits to both brokers and customers alike.

“This is not the end goal but a next step; we will continue in striving to deliver the best products we can and ensure our service is as straightforward and seamless as possible as we move forward.”


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