Aldermore launches fee-free remortgage deals
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Aldermore has launched a number of fixed and variable rate remortgage deals with no completion, valuation or legal fees.
It is offering residential borrowers a three-year fix at 5.83% or a term variable rate of 5.33%, and buy-to-let customers a 5.88% term variable rate.
The intermediary-only lender has also reduced the rate on its two-year fix to 4.98% for remortgages and purchases up to 80% loan-to-value, with a completion fee of £1,999.
Charles Haresnape, managing director of residential mortgages at Aldermore, says he hopes the products will give a boost to the remortgage market by removing barriers for borrowers.
He says: “The remortgage market has traditionally formed the bedrock of mortgage brokers’ business, but over the past couple of years it’s been desperately in need of a kick-start.
“Aldermore has done just that by launching fixed and variable rate remortgage deals with no completion fees, no valuation fees and no legal fees. We’ve removed all barriers to remortgaging and hope this gives brokers that much-needed new business boost they’ve been waiting for.”
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