Aldermore cuts high-LTV residential rates by up to 0.70%

Aldermore has reduced a wide range of rates across its residential mortgage range, with a focus on higher LTV mortgages. 

For new customers, two-year fixed rates have reduced by up to 0.60%, now starting from 6.54%. Three-year fixes are down by up to 0.35%, starting from 6.59%, while five-year fixes are decreasing by up to 0.70% with rates from 5.99%.

The rates have reduced on LTVs up to 95% LTV with a range of fee options available.

For existing customers, rates above 80% LTV have also reduced by up to 0.60%, now starting from 6.19%.

Jon Cooper, director of mortgages at Aldermore, commented: “At Aldermore we’re keen to stay fresh and offer competitive rates that stand out. We’re especially focused on supporting first-time buyers and those with lower deposits, making home ownership more accessible.

"With these changes and expert guidance from a broker, stepping onto the property ladder becomes more achievable.”