Aldermore simplify residential and BTL mortgage range

Aldermore is relaunching its range of residential and buy to let mortgages on Monday 31st January.

Related topics:  Mortgages
Millie Dyson
26th January 2011
Mortgages
The new simplified product range, which will be available for both house purchase and remortgaging, includes the following features:

Residential mortgages – up to 80% LTV

- Two year discounts and term variable rates from 4.28%
- Two, three and five year fixed rates from 4.48%
- Fixed price completion fees on all products

Buy to let mortgages – up to 75% LTV

- Two year discount and term variable rates from 4.98%
- Three and five year fixed rates from 5.68%
- Five year fixed rate with a fixed price completion fee of £1,999 

In addition, all remortgages, which can be used to raise capital for either personal or business use or home improvements, include a free conveyancing package (there is no interest rate loading). Brokers can obtain an immediate decision in principle online, where they will find that decision-making is not dependent on credit scoring, but is based on sensible underwriting rules and criteria applied by experienced people.

Charles Haresnape, Managing Director of Residential Mortgages at Aldermore, said:

“Brokers will find a lot to like in our new product range, including a choice of residential two year discount and term variable rates, as well as two, three and five year fixed rates aimed at borrowers looking to protect their mortgage payments against future interest rate increases.

“Our new buy to let range also offers a choice of two year discount and term variable rates and three and five year fixed rates for investors looking for rate security or who simply want to lock in rental yield. We anticipate our very competitive five year fixed rate with a fixed price completion fee will appeal to longer term investors.”
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