"Our new remortgage product offering, in conjunction with our manual approach to underwriting, is ideal for those customers who are currently “trapped” on their Standard Variable Rate."
The two-year fixed rate mortgage available up to 75% LTV is Aldermore’s lowest ever remortgage-only product at 2.48% and comes with no upfront fees.
New three-year rates start from 2.58% up to 75% LTV and 2.88% at 80% LTV.
Other highlights include 85% LTV purchase and remortgage products with two-year fixed rates from 4.78%, three-year rates at 4.88% and four-year fixes at 4.98%.
A remortgage only three-year fixed rate is also available at 5.18% up to 85% LTV with no valuation, legal or product fees.
Charles McDowell, Commercial Director, Mortgages, at Aldermore, said: “Our new remortgage product offering, in conjunction with our manual approach to underwriting, is ideal for those customers who are currently “trapped” on their Standard Variable Rate. As people’s circumstances change, for example if they have become self-employed or have split from a partner, their affordability may be impacted which means they may not be able to switch to another deal with their current lender. There are millions of borrowers across the U.K. on SVR who could be getting better deals. Now is the time for advisors to get in front of those borrowers.
“These borrowers often do not fit the ‘norm’ for many lenders and it can be a real challenge for them to receive the financial support they need. Our human approach to lending, and our specialist advisers consider each case on an individual basis which gives us more of an opportunity to support our customers and help them save money, whatever their circumstances.”
