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Aldermore launches one-year discount

by: Mortgage Solutions
  • 28/02/2011
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Aldermore launches one-year discount
Aldermore Residential Mortgages has made a series of criteria changes to its product range, adding a one-year discounted mortgage offered at 4.68%.

The Peterborough-based lender has reduced its minimum loan size to £25,000 and cut the completion fee on its buy to let term product to 2%.

The lender has also reduced the Early Redemption Charge on its residential and buy-to-let term variable rate products and launched a buy to let two year fixed rate offered from 5.68%.

Charles Haresnape, managing director at Aldermore, said the move was a bid to broaden its product range and offer choice when many remain unsure if it’s the right time to fix.

“Our new one-year discount, for example, will appeal to borrowers looking for short-term flexibility and the reduced early repayment charge on our term variable rate will increase appeal for borrowers who don’t believe rates will rise significantly in the short-term,” he said.



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