Aldermore introduces new products across residential owner-occupied and BTL
Aldermore has today introduced a range of new products and rates on its residential owner-occupied and buy-to-let mortgage range, helping to support borrowers with different needs.
Aldermore has reintroduced its standard level 1 £999 fee residential owner-occupied range and its high LTV £999 fee range for borrowers with smaller deposits. 2-year and 5-year fixed rates are available for first time buyers, home movers, those remortgaging and the self-employed.
Aldermore has also reintroduced a selection of buy-to-let products, supporting those portfolio landlords looking to purchase or remortgage.
Residential owner-occupied mortgage range:
Standard level 1 £999 fee range
- Up to 75% LTV, 2 year fixed 7.28%
- Up to 75% LTV, 5 year fixed 7.48%
- Up to 80% LTV, 2 year fixed 7.48%
- Up to 80% LTV, 5 year fixed 7.68%
High LTV £999 fee range
- Up to 85% LTV, 2 year fixed 7.84%
- Up to 85% LTV, 5 year fixed 8.24%
- Up to 90% LTV, 2 year fixed 8.88%
- Up to 90% LTV, 5 year fixed 9.28%
Buy to let product range:
Individual landlords with single residential investment properties
- Up to 75% LTV, 5 year fixed 7.69% (with 1.50% fee)
Company landlords with single residential investment properties
- Up to 75% LTV, 5 year fixed 7.69% (with 1.50% fee)
Multi property individuals and company landlords with single residential investment properties
- Up to 75% LTV, 5 year fixed 7.89% (with zero fee)
HMO and multi-unit freeholds
- Up to 75% LTV, 5 year fixed 7.99% (with 1.50% fee)
Jon Cooper, head of mortgage distribution at Aldermore, comments: “We’re delighted to reintroduce our 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. We’re here to help and empower people that are sometimes overlooked by the high street banks whilst continuing to act as a responsible lender for all our borrowers.”