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Aldermore rejigs high-LTV offerings

Aldermore has added features to a select portion of its residential mortgage range.

Specifically, the specialist lender is now offering three-year fixed options across no product fee mortgages, 85 per cent LTV options on no product fee purchase products, and introducing remortgage products that lack a product fee and come with free legals and a free valuation.

In terms of residential purchase-only, the 85 per cent LTV product starts at 4.18 per cent and comes in two-, three-, and five-year flavours, while the 90 per cent LTV and 95 per cent LTV products start at 4.58 per cent and 4.88 per cent respectively, also having the aforementioned fixed rate options.

The remortgage product is available at either 85 per cent LTV or 90 per cent LTV, with 0.10 per cent taken from its rate to now come in at 4.18 per cent. Borrowers can now choose a three-year fixed rate option as well as the two- and five-year choice that previously existed.

Meanwhile, the purchase and remortgage options command a £999 product fee and range from 85 per cent, starting at 3.88 per cent, to 95 per cent, starting at 4.58 per cent. This is also available on two-, three- and five-year fixed terms.

Aldermore director of mortgages Damian Thompson says: “Home buyers are more varied and complex than ever before, and we want to provide products that fit them, not them that have to fit the product.

“Aldermore’s human approach to lending allows us to consider each case on its individual merits, so those that don’t fit in the boxes other lenders require have the opportunity to find the mortgage that is right for them.”


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