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Aldermore ups max loan threshold and offers first-time buyers more

  • 17/08/2010
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Fledgling intermediary lender Aldermore has broadened its product range to accept first-time buyers, relaxed its criteria for landlords and increased the maximum loan size it is prepared to take.

First-time buyer loans are available at up to 80% LTV and landlords can borrow up to two properties per applicant, the lender announced today.

The rates on its three and five-year fixed rates have been cut and Aldermore has launched some two-year fixes at up to 80% LTV. The lender has also raised its maximum loan amounts to £600,000 up to 75% LTV and £400,000 to 80% LTV.

“Our proposition is to help creditworthy borrowers with non-standard mortgage requirements and the enhancements being announced today enable us to help a wider range of applicants,” said Colin Snowdon, chief executive, residential mortgages at Aldermore.

“We have also increased our maximum loan sizes to help borrowers in higher house price areas such as London and the South East.”

He added: “These changes, combined with our existing two year discounts which start from 3.98% and our recently launched limited edition range, mean that we are able to satisfy an even wider range of client needs.”



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