Aldermore extends product range

Aldermore has extended its product range in a bid to offer borrowers greater choice, the lender claims.

New deals include residential one-year discount rates from 4.68% and buy-to-let two-year fixed rates from 5.68%.

Furthermore, the minimum loan size on all products has been reduced to £25,000 and the completion fee on buy-to-let term variable rate deals has been lowered to 2%.

Charles Haresnape, managing director at Aldermore Residential Mortgages, says: “These enhancements have been designed to broaden our product range and give borrowers even greater choice, at a time when many borrowers remain unsure whether now is the right time to fix.

“Our new one-year discount, for example, will appeal to borrowers looking for short-term flexibility and the reduced early repayment charge on our term variable rate will increase appeal for borrowers who don’t believe rates will rise significantly in the short-term.

“We’ve also broadened our buy-to-let range, giving landlords the choice of a two-year fixed rate, in addition to our very popular three and five-year fixed rate deals.”