Aldermore, an intermediary residential and buy-to-let mortgage lender, launches today.
The lender is initially offering its products to select brokers via networks and clubs including 3mc, BDS, Legal & General, Mortgage Intelligence, Mortgages for Business, Mortgage Next, Pink, Platinum and PTFS.
Colin Snowdon, chief executive of residential mortgages at Aldermore, says: “It’s our intention to widen access to all broker members of our distribution partners.”
The lender will offer loans for house purchase and remortgages up to 80% LTV with a choice of two-year discounts from 3.98% and three and five-year fixed rates from 4.93%. For buy-to-let it is offering up to 75% LTV, with a choice of two-year discounts from 4.98% and three and five-year fixed rates starting at 5.78%. Its base mortgage rate will be 4.98%.