It aims to support prospective and existing homeowners overlooked by high street banks
Aldermore has launched a range of new products and rates on its residential owner-occupied and buy-to-let mortgage range.
The bank has reintroduced its standard level 1 £999 fee residential owner-occupied range and its high LTV £999 fee range for borrowers with smaller deposits. Two-year and five-year fixed rates are available for first-time buyers, home movers, those remortgaging, and the self-employed.
The standard level 1 with £999 fee range includes 7.28% two-year fixes at up to 75% LTV, 7.48% two-year fixes at up to 80% LTV, 7.48% five-year fixes at up to 75% LTV, and 7.68% five-year fixes at up to 80% LTV. The high LTV with £999 fee range includes 7.84% two-year fixes at up to 85% LTV, 8.88% two-year fixes at up to 90% LTV, 8.24% five-year fixes at up to 85% LTV, and 9.28% five-year fixes at up to 90% LTV.
Aldermore has also reintroduced a selection of buy-to-let products, supporting those portfolio landlords looking to purchase or remortgage.
For individual and company landlords with single residential investment properties, 7.69% five-year fixes at up to 75% LTV with a 1.50% fee are available.
Multi-property individuals and company landlords with single residential investment properties can avail of 7.89% five-year fixes at up to 75% LTV with no fees, while HMO and multi-unit freeholds have 7.99% five-year fixes at up to 75% LTV with no fees.
Read more: Aldermore appoints property managing director.
Jon Cooper (pictured), head of mortgage distribution at Aldermore, said they were delighted to reintroduce their residential mortgage range to support prospective and existing homeowners.
“At Aldermore, our human underwriting process allows us to dig into the detail of a borrower’s application, which is increasingly crucial in the volatile market conditions that we find ourselves in,” Cooper commented. “We’re here to help and empower people that are sometimes overlooked by the high street banks while continuing to act as a responsible lender for all our borrowers.”
