Aldermore launches two-year residential fixed

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Aldermore is launching a two year-fixed residential mortgage.

The new product rates are 3.38 per cent for a 2-year fixed rate to 75 per cent LTV and 3.68 per cent for a 2-year fixed rate to 80 per cent LTV.

The owner-occupied product is Aldermore’s lowest ever two-year fixed rate and is available from today for purchase and remortgages.

The product has a completion fee of £999.

An Aldermore spokeswoman says the product is a limited edition and will only be available for an unspecified time.

Aldermore mortgages group managing director Charles Haresnape says: “Low interest rates and positive affordability continue to drive a healthy level of demand within the housing market. Last year saw lending levels at their highest since 2007, up seven per cent on 2014 whilst remortgage activity was up 11 per cent.

“Our new two year fixed-rate, available for both purchase and remortgage, is great for homeowners looking ahead and planning for any possible rate rises.”