The new mortgage offers the following features:
• 3.48% two year discount rate to 80% LTV
• £999 completion fee
• Available for house purchase and remortgaging
• Free legals on all remortgages
• Early redemption charge of 5% in year one and 4% in year two
Commenting, Charles Haresnape, managing director of residential mortgages at Aldermore, said: “The launch of this Limited Edition product gives borrowers even greater choice. Although fixed rates remain popular, there is a premium to be paid for the certainty they provide and, for borrowers who believe rates may not rise as soon as some suspect, then our discount offers excellent value.”
