Aldermore has introduced two new lending tiers to its residential remortgage range.
Available from today, the products are aimed at homeowners with a complicated financial history or credit blips that may prevent them from accessing mortgage products at the end of their fixed period.
The new offerings from the specialist lender are at Level 2 at 75 per cent, where rates start from 3.78 per cent, and at Level 3, at 75 per cent rates start from 4.28 per cent. Both products can boast of charging no valuation or legal fees.
Aldermore director of mortgages Damian Thompson says: “At Aldermore we want to help homeowners who are struggling to refinance after their fixed term ends due to having credit blips or complicated financial histories.
“It does not seem fair that many borrowers, who have been paying off their mortgage just fine month-to-month on costly reversion rates, shouldn’t have the opportunity to move onto a better deal.”
Just a week ago, the lender extended support for first-time buyers with the launch of two new tiers across its Help to Buy range.