Aldermore refreshes commercial range

All variable rates have been re-priced, now starting from 4.95%, and a new 70% LTV tier has been added.

The commitment fee has been reduced to 0.25% (from 0.50%), with no change to the 1.75% arrangement fee.

The bank's new 3 year fixed rates, start from 4.69% and 5 year fixed rates from 4.79%.

Charles McDowell, Commercial Director – Mortgages at Aldermore, said:

“Our latest commercial mortgage refresh provides more choice for businesses, with products available across three LTV tiers. We are pleased to be reducing rates across a range of our Commercial Investment and Commercial Owner Occupied mortgages, encouraging businesses to invest in their future.

“With such competitive fixed rates available, our new products offer commercial borrowers the option to choose the security of fixed payments for 3 or 5 years at limited additional cost. In addition, Aldermore’s human approach, with each application assessed by an individual underwriter, gives businesses the flexibility to shape a deal in the best possible way for their future, and our new products reaffirm our commitment to supporting SMEs.”