According to the lender, the new rates are available immediately.
Charles McDowell, Commercial Director, Mortgages, at Aldermore, said: “Our latest rate reductions offer something for everyone, whether it’s landlords, home movers, existing home owners wanting to remortgage or those looking to get on the property ladder. These reductions reaffirm our commitment to offering a range of mortgage options based on customers’ needs.
As a result of the strong demand in the remortgage and buy-to let markets, we have looked to cut our rates to help our customers get the best deals possible. Additionally, our latest reductions of up to 0.5% on residential mortgages comes at a time when the number of home movers has remained stagnant for the last three years. These reductions provide support to customers who are hoping to make a move or take their first step on the property ladder.”
