"We’re delighted to introduce improvements to our residential mortgage range, providing new pricing, product choice and removal of fees to support prospective and existing homeowners."
The new range of fee-free mortgages has no product, valuation or funds transfer fees and free legals on remortgages. Two-year fixed rates start at 3.08% up to 75% LTV and 3.28% at 80% LTV, while five-year fixes are available at 3.38% and 3.58% respectively.
Aldermore has also reduced rates on selected £999 fee products for purchase and remortgage by 30bps. At 75% LTV, two-year fixed rates have reduced to 2.78% and five-year rates to 2.98%. At 80% LTV, a two-year fixed rate has been cut to 3.08% and a five-year fix to 3.28%.
Jon Cooper, head of mortgage distribution at Aldermore, commented: “We’re delighted to introduce improvements to our residential mortgage range, providing new pricing, product choice and removal of fees to support prospective and existing homeowners.
“At Aldermore, we aim for a human approach when it comes to supporting those with complex needs or less than perfect credit. Our enhanced human underwriting process allows us to dig into the detail of a borrower’s application, crucial against today’s market backdrop. This gives us a better understand of the ever-widening range of individual circumstances so we can better serve new and existing borrowers in 2022.”
