The new products have no valuation, legal or product fees and are available now.
• Level 2 – rates from 3.78 up to 75% LTV (no product, valuation or legal fees.)
• Level 3 – rates from 4.28% up to 75% LTV (no product, valuation or legal fees)
In addition, the bank has updated rates across the Standard residential Level 1 range with rates from 2.68% up to 75% LTV.
Damian Thompson, Director of Mortgages, Aldermore, comments: “At Aldermore we want to help homeowners who are struggling to refinance after their fixed term ends due to having credit blips or complicated financial histories. It does not seem fair that many borrowers, who have been paying off their mortgage just fine month-to-month on costly reversion rates, shouldn’t have the opportunity to move onto a better deal. Our human approach to lending enables us to consider each case on its individual merits so we can support people to find the right mortgage for them.”
