New product range to include the following enhancements:
- New residential one year discount rates from 4.68%
- New buy to let two year fixed rates from 5.68%
- Minimum loan size on all products reduced to £25,000
- Completion fee reduced to 2% on buy to let term variable rate products
- Reduced ERC on residential and buy to let term variable rate products
Charles Haresnape, Managing Director at Aldermore Residential Mortgages, said:
“These enhancements have been designed to broaden our product range and give borrowers even greater choice, at a time when many borrowers remain unsure whether now is 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.
"We’ve also broadened our buy to let range, giving landlords the choice of a two year fixed rate, in addition to our very popular three and five year fixed rate deals.”
