Aldermore launches new residential and buy-to-let products

Aldermore has reintroduced its standard level 1 £999 fee residential owner-occupied range and its high LTV £999 fee range for borrowers with smaller deposits. Two and five-year fixed rates are available for first-time buyers, home movers, those remortgaging and the self-employed.

Across its standard level 1 range, two-year fixed rates start at 7.28% up to 75% LTV and 7.48% up to 80% LTV. Five-year fixed rates are available at 7.48% and 7.68% across two and five-year terms.

85% LTV products start at 7.84% fixed for two years and 8.24% fixed for five years, while 90% LTV rates are available at 8.88% and 9.28% respectively.

Aldermore has also reintroduced a selection of buy-to-let products, supporting those portfolio landlords looking to purchase or remortgage.

Up to 75% LTV, five-year fixed rates start from 7.69% with a 1.50% fee, available to individual and company landlords with single residential investment properties.

For HMO and multi-unit freeholds, a five-year fixed rate starts at 7.99% up to 75% LTV with a 1.50% fee.

Jon Cooper, head of mortgage distribution at Aldermore, commented: “We’re delighted to reintroduce our residential mortgage range to support prospective and existing homeowners. At Aldermore, our human underwriting process allows us to dig into the detail of a borrower’s application, which is increasingly crucial in the volatile market conditions that we find ourselves in. We’re here to help and empower people that are sometimes overlooked by the high street banks whilst continuing to act as a responsible lender for all our borrowers.”