The new product is Aldermore’s lowest ever two year fixed-rate and is available immediately for both purchase and remortgages, with a completion fee of £999.
The new product rates are:
- 3.38% 2 Year Fixed Rate to 75% LTV
- 3.68% 2 Year Fixed Rate to 80% LTV
Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, said:
“Low interest rates and positive affordability continue to drive a healthy level of demand within the housing market. Last year saw lending levels at their highest since 2007, up seven per cent on 2014 whilst remortgage activity was up 11 per cent.
“Our new two year fixed-rate, available for both purchase and remortgage, is great for homeowners looking ahead and planning for any possible rate rises. Aldermore is dedicated to offering a competitive range of mortgage options to suit individual customer needs and the new product available today to our residential customers highlights this commitment.”
For further enquiries, journalists can contact:
Rachael Snelling, Aldermore
Phone: 0208 1853 102
Johnathan Priestley, Cicero Group
Phone: 0207 297 5971
Notes to Editors:
Aldermore Group PLC is a specialist lender and savings bank offering straightforward products to Small and Medium-sized Enterprises (SMEs), homeowners 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.