The residential range features fixed rates from 4.58%, 4.48% and 4.68% on 2-year, 3-year and 5-year products respectively. While discounted rates have been cut to 4.58% for one year, 4.28% for two years and on a term variable basis. Both have completion fees of £999.
On buy-to-let fixed rates have been reduced to 4.78%, 4.48% and 4.98% on 2-year, 3-year and 5-year products respectively. Both 2-year and term variable rates are 4.48%.
Charles Haresnape, managing director of Aldermore Residential Mortgages, said: “Many of our mortgage rates have been revised downwards, making our entire range of residential and buy-to-let mortgages extremely competitive. I’m sure this will be welcome news for brokers, who are looking for developments that will help breathe life into the mortgage market once again.”