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Term Variable Rate Mortgage (70% LTV) - with no product fee

A term variable rate mortgage with a 70% loan to value (LTV) ratio.
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Credit Status

We look at each application on an individual basis.
Speak to our team of expert mortgage advisers for more information.

Maximum LTV 70%
Initial Rate 3.88%
(AMR - 0.85%)
Aldermore Managed Rate (AMR) The Aldermore Managed Rate is the variable rate set by Aldermore 4.73%
APRC The Annual Percentage Rate of Charge (APRC) can be used to compare the total cost of different mortgage products. 4.0%
Product Fee £0
Application Fee £0
Early Repayment Charge

2.0% year 1 
2.0% year 2 
2.0% year 3

Overpayments Up to 10% of the outstanding balance can be repaid in any 12 month period without incurring an early repayment charge.
Valuation Fee
Property
value
Standard
valuation fee
£75,000 - £100,000 £400.00
£100,001 - £150,000 £445.00
£150,001 - £200,000 £445.00
£200,001 - £300,000 £555.00
£300,001 - £400,000 £655.00
£400,001 - £500,000 £725.00
£500,001 - £600,000 £770.00
£600,001 - £700,000 £840.00
£700,001 - £800,000 £920.00
£800,001 - £900,000 £990.00
£900,001 - £1,000,000 £1035.00
£1,000,001 - plus Available on request

Where a more detailed report is required, the Valuer will collect the additional fee direct from the applicants. The valuation fee is not refundable once the valuation has been carried out. Aldermore will enter into commercial agreements for the provision of valuation reports. The valuation report will be for the benefit of Aldermore Bank PLC, although a copy will be provided to the applicant and their Solicitor with the mortgage offer.

Adding Fees Product and Funds Transfer fees can be added.
Minimum Loan Amount £25,000.00
Maximum Loan Amount £1,000,000.00

IF YOU FAIL TO KEEP UP WITH PAYMENTS ON YOUR MORTGAGE A "RECEIVER OF RENT" MAY BE APPOINTED AND/OR YOUR RENTAL PROPERTY MAY BE REPOSSESSED.

Representative Example

A mortgage of £195,000.00 payable over 25 years on our variable rate for the mortgage term of 25 years at our current rate of 3.88% would require 300 monthly payments of £630.50.
The total amount payable would be £385,065.00 made up of the loan amount plus interest (£189,150.00) and a valuation fee (£555) and estimated legal fees of (£360).


The overall cost for comparison is 4.0% APRC representative.

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