Aldermore launches 80% LTV range
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Aldermore has launched a limited edition range of residential mortgage products at 80% LTV and increased its maximum loan size to £500,000.
The limited edition range features a choice of one and three-year discounts starting at 4.39%, one-year fixed rates starting at 4.99% and new term variable rates starting at 4.98%.
All rates available up to 80% LTV for both purchase and remortgage, with completion fees from £999.
Across its limited edition and standard residential ranges historical mortgage arrears are considered if the arrears were resolved over 12 months ago. Its maximum loan limits have been increased to: £500,000 to 50% LTV, £400,000 to 65% LTV and £300,000 to 80% LTV, with fee free conveyancing on all remortgages.
Colin Snowdon, chief executive of residential Mortgages at Aldermore, says: “Our Limited Edition range, which sits alongside our existing Standard range, answers many of the ‘wish list’ requests made since our launch: a wider choice of products with new one and three-year discounts and one-year fixed and term variable rate options; extremely competitive rates up to 80% LTV; completion fees from £999 and an increased maximum loan size available up to £500,000.
“The Limited Edition range is available immediately to both appointed reps and directly authorised brokers via any of our distribution partners.”
Aldermore’s distribution partners include: 3mc, BDS, Legal & General, Mortgages for Business, Mortgage Intelligence, Mortgage Next, Pink, Platinum, PMS, PTFS and Sesame.
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