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Aldermore adds fee-free products and cuts rates

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  • 19/01/2022
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Aldermore adds fee-free products and cuts rates
Aldermore has added four fee-free products to its range between 75 and 80 per cent loan to value (LTV) and cut rates by up to 0.3 per cent.

 

The mortgages have no product, valuation, or funds transfer fees for purchase and remortgage, and free legals on remortgage.

It includes a two-year fixed at 75 per cent LTV priced at 3.08 per cent and 3.58 per cent at 80 per cent LTV.

There are also a pair of five-year fixed rate products, one at 75 per cent LTV with a 3.38 per cent rate and one at 80 per cent LTV with a 3.58 per cent rate.

The lender has also cut a range of select purchase and remortgage products with a £999 fee by up to 0.3 per cent.

Its two-year fixed rate at 75 per cent LTV has fallen from 3.08 per cent to 2.78 per cent, whilst its five-year fixed rate at the same LTV has gone from 3.28 per cent to 2.98 per cent.

Its two-year fixed rate at 80 per cent LTV has been reduced from 3.38 per cent to 3.08 per cent, and its five-year fixed rate at the same LTV has decreased from 3.58 per cent to 3.28 per cent.

Jon Cooper (pictured), head of mortgage distribution at Aldermore, said: “We’re delighted to introduce improvements to our residential mortgage range, providing new pricing, product choice and removal of fees to support prospective and existing homeowners.

“At Aldermore, we aim for a human approach when it comes to supporting those with complex needs or less than perfect credit. Our enhanced human underwriting process allows us to dig into the detail of a borrower’s application, crucial against today’s market backdrop. This gives us a better understand of the ever-widening range of individual circumstances so we can better serve new and existing borrowers in 2022.”

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