View more on these topics

Aldermore launches new resi remortgage products

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.

Recommended

Aldermore extends support for first-time buyers

Aldermore has broadened support for first-time buyers attempting to get onto the property ladder. The specialist lender has introduced two new lending tiers across its Help to Buy equity mortgage range. The new products are named ‘Level 2’, with rates starting from 4.78 per cent on up to 75 per cent LTV, and ‘Level 3’, […]

Business-Handshake-Finance-Deal-700.jpg

Aldermore announces new head of omnichannel

Aldermore has hired Jon Cooper to work as head of omnichannel, where he will be charged with securing sales through brokers and other channels. Cooper, who will work within the specialist lender’s retail mortgage business, can count on over 30 years’ experience in financial services, including stints at NatWest and RBS, with his most recent […]

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]

Newsletter

News and expert analysis straight to your inbox

Sign up