This facility is being made available on residential and buy-to-let mortgages but will not be available on Aldermore’s NewBuy and the Family Guarantee Mortgage range.
Charles Haresnape, managing director of residential mortgages at Aldermore, said: “We’re very aware that for some borrowers the cash required to pay for mortgage fees is a drain on their finances at a time when they need access to cash for other purposes.
“This is another example of ways in which Aldermore is trying to make it easier for borrowers to get a step on and move up the housing ladder or maximise landlord investment in buy-to-let.”
Aldermore Bank has lent more than £2bn since first opening its doors for business in the summer of 2009.
