Aldermore has today fully refreshed its commercial mortgage investment and owner-occupied ranges.
To complement the launch of its revamped buy-to-let range the Bank has introduced new Loan to Value tiers at 50% and 60% as well as maintaining its 75% tiers on its commercial range. Pricing has reduced across a number of LTV tiers and variable rates now start at 4.99% (previously 5.20%), while new five-year fixed rates have been added to the range, starting at 6.39%.
Fees have been reduced, including the removal of the fixed rate booking fee of £500 and fixed rate arrangement fees have been cut from 2.50% to 1.75%. Arrangement fees can now also be added to the loan.
Charles Haresnape, Group Managing Director, Mortgages, Aldermore said:
“We have relaunched our entire commercial mortgage range today and added various improvements in order to widen choice for our customers, offering more products and flexible criteria.
“We are always looking at ways to improve our products and services and many of these changes have been made in response to feedback from our commercial mortgage brokers and customers. Commercial mortgages is a growing area of Aldermore’s business and we are keen to support the growth of this sector by offering a more extensive range.”
For further enquiries, journalists can contact:
Johnathan Priestley, Cicero
Phone: 0207 297 5954
Notes to Editors:
For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.