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Aldermore reduces rates across commercial mortgages

POSTED: 4th May 2016
IN: Newsroom
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Aldermore has today reduced all rates across their full range of Commercial Owner Occupied and Commercial Investment mortgages for loans between £100,000 and £500,000.

Available for a limited period only, whether applying through a broker or direct, a 0.4% discount will be applied.

Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, said:

“With record low interest rates and the most recent predictions from the British Chambers of Commerce anticipating growth of UK GDP of 2.2% in 2016, now is a fantastic time for businesses to invest in their futures.

“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. Aldermore has long prided itself on supporting SMEs and this limited time only discount demonstrates our commitment tothat goal, with this promotion providing our lowest ever rate for commercial investment.”

**Ends**

A full product table with the new rates can be found below.

For further enquiries, journalists can contact:

Rachael Snelling, Aldermore

Phone:          0208 1853 102

Email:           Rachael.Snelling@aldermore.co.uk

 

Johnathan Priestley, Cicero Group

Phone:          0207 297 5971

Email:           Johnathan.Priestley@cicero-group.com

  

Notes to Editors:

 

Rates after discount:

 

Commercial Investment

Product

Current rate

After Discount

 

 

 

Term Variable (up to 50% LTV)

5.39% (LIBOR +4.79%)

4.99 (LIBOR +4.39%)

Term Variable (up to 60% LTV)

5.69% (LIBOR +5.09%)

5.29% (LIBOR +4.69%)

Term Variable (up to 75% LTV)

5.99% (LIBOR +5.39%)

5.59% (LIBOR +4.99%)

3 Year Fixed

6.39%

5.99%

5 Year Fixed

6.69%

6.29%

 

Commercial Owner Occupier

Product

Current rate

After Discount

 

 

 

Term Variable (up to 50% LTV)

4.99% (LIBOR +4.39%)

4.59 (LIBOR +3.99%)

Term Variable (up to 60% LTV)

5.29% (LIBOR +4.69%)

4.89% (LIBOR +4.29%)

Term Variable (up to 75% LTV)

5.59% (LIBOR +4.99%)

5.19% (LIBOR +4.59%)

3 Year Fixed (up to 75% LTV)

6.09%

5.69%

5 Year Fixed (up to 75% LTV)

6.39%

5.99%

 

Aldermore

 

Aldermore Group PLC is a specialist lender and savings bank offering straightforward products to Small and Medium-sized Enterprises (SMEs), homebuyers and individuals, who we believe are often under- or  poorly served by the wider market. Aldermore has no branch network but serves customers and intermediary partners online, by phone and face to face through its network of regional offices located around the UK. Building on its core values of being reliable, expert, dynamic and straightforward, Aldermore aims to deliver banking as it should be. Established in 2009, Aldermore has grown significantly. At the end of December 2015, lending to customers stood at £6.1 billion and customer deposits totalled £5.7 billion. For more information, please visit www.aldermore.co.uk.

Aldermore Bank PLC is an operating entity of Aldermore Group PLC. In March 2015, Aldermore Group PLC’s shares (ALD.L) listed on the Main Market of the London Stock Exchange. Aldermore Bank PLC is regulated by the Prudential Regulation Authority and the Financial Conduct Authority and is registered under the Financial Services Compensation Scheme.

 

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