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Limited period rate reduction on residential and buy-to-let mortgages

POSTED: 11th December 2012
IN: Newsroom
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British challenger bank Aldermore is cutting its mortgage rates on the following products for a limited period:

Residential term variable rate- now 3.98% to 80% LTV, down from 4.28%

Buy-to-let 2 year fixed rate- now 4.98% to 80% LTV (market leading), down from 5.78%.

Buy-to-let term variable- now 4.48% to 75% LTV, down from 4.98%

Family Guarantee Mortgage- 2 & 3 year fixed rates reduced to 5.48% from 95% to 100% LTV, down from 5.98%

Full product information, including a downloadable product guide can be found at: www.aldermore-mortgages.co.uk

Charles Haresnape, Managing Director of Aldermore Residential Mortgages, said: "We're delighted to announce these rate reductions at a time when the mortgage market traditionally slows-down over the winter period. These rate cuts will be for a limited period only, so brokers need to submit cases as soon as possible to avoid disappointment."

Aldermore is one of the participants in the Bank of England's Funding for Lending scheme. Data published recently confirms that Aldermore is one of the top 5 lenders registered with the scheme, ranked by the amount lent to households and companies in the third quarter of 2012.

Further information about the services available from Aldermore can be found at www.aldermore.co.uk.

**Ends**

For further information journalists can contact:

Josh Cooper, PR consultant                     Office: 01654 791385

josh@cooper-consultants.co.uk               Mobile: 07768 355265

For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page. 

 

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