To include:
- First time buyers - now accepted up to 80% LTV (minimum age 25)
- Buy to let - increased to two properties per applicant
- New two year fixes - available up to 80% LTV and rates from 4.78%
- Three & five year fixed rates enhanced - starting from 4.88% & 4.98% respectively
- Maximum loan sizes increased - to £600K to 75% LTV and £400K to 80% LTV
Colin Snowdon, Chief Executive, Residential Mortgages at Aldermore, said:
“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, including first time buyers and buy to let landlords who want to finance one or two properties.
“We have also increased our maximum loan sizes to help borrowers in higher house price areas such as London and the South East and we’ve introduced a new two year fixed rate.
"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.”
Aldermore’s products are available via any of its distribution partners, which include: 3mc, BDS, Intrinsic, Legal & General, Mortgages for Business, Mortgage Intelligence, Mortgage Next, Pink, Platinum, PMS, PTFS and Sesame.
