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Aldermore Refreshes Commercial Mortgage Range

POSTED: 11th April 2017
IN: Newsroom
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Aldermore has today refreshed its Commercial Investment and Commercial Owner Occupied mortgage range, with a choice of variable and fixed rate mortgages up to 75% LTV available for loans up to £1m.

In addition, Aldermore has introduced a new 70% LTV tier, which means the specialist bank will offer products across three LTV tiers: up to 60%, up to 70% and up to 75%.

The Bank has made the following changes:

  • All variable rates re-priced, starting from 4.59%
  • New 3 year fixed rates, starting from 4.69% and now just 0.10% above variable rates
  • New 5 year fixed rates, starting from 4.79% and now just 0.20% above variable rates
  • New 70% LTV tier added
  • Commitment fee reduced to 0.25% from 0.50% - no change to 1.75% arrangement fee

Available immediately the products include:

 

Commercial Investment

Commercial Owner Occupied

Variable term

·        4.99% for 60% LTV

·        5.34% for 70% LTV

·        5.44% for 75% LTV

·        4.59% for 60% LTV

·        4.94% for 70% LTV

·        5.04% for 75% LTV

3 year fixed rates

·        5.09% for 60% LTV

·        5.44% for 70% LTV

·        5.54% for 75% LTV

·        4.69% for 60% LTV

·        5.04% for 70% LTV

·        5.14% for 75% LTV

5 year fixed rates

·        5.19% for 60% LTV

·        5.54% for 70% LTV

·        5.64% for 75% LTV

·        4.79% for 60% LTV

·        5.14% for 70% LTV

·        5.24% for 75% LTV


Commenting on the new product range, 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.”

*Ends*

 For further information, journalists can contact:

Rachael Snelling, Aldermore
Phone:          0208 1853 102
Email:           Rachael.Snelling@aldermore.co.uk

Rozie Green, Lansons
Phone:          0207 566 9724
Email:            rozieg@lansons.com

Notes to Editors:

For further information about Aldermore, please review our  Notes to Editors page

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  • Mortgages
  • Press Release
  • Commercial Mortgages

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