Mortgage News
Aldermore launches two-year fixed rates from 3.49%
Aldermore has added two new two-year fixed rate deals to its Limited Edition range of residential mortgages.
The deals are a two-year fixed rate at 3.49%, available up to 65% LTV, and a two-year fixed rate at 3.99% available up to 75% LTV.
Both products have a completion fee of £1999, with early repayment charges of 5% of the outstanding balance in the first year and 4% in the second year.
First-time buyers, the employed and self-employed in England and Wales will be able to take out a maximum loan up to £600,000 for either house purchase or remortgages.
Colin Snowdon, chief executive of Aldermore’s residential mortgage lending business, said: “Two-year fixes have always been popular and these are very competitive deals, particularly for borrowers applying for larger loans because of the fixed price completion fee.”
He added: “These deals are ideally suited to borrowers who want to remortgage and lock-in to existing low rates, before they are hit by possible rate increases in 2011.”
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