To accompany the product, Aldermore is offering a free valuation for the 2-year fixed mortgages with 70%, 75% and 80% Loan to Value (LTV), helping customers to save money on their mortgage applications. Additionally, the specialist lender and savings bank has reduced the rate on its 70% LTV offering for this product category.
The new product range includes:
- 3.28% up to 70% LTV with free valuation
- 3.38% up to 75% LTV with free valuation
- 3.68% up to 80% LTV with free valuation
- Product fee: £999 (no application fee applies)
- No legal fees apply for those customers remortgaging
Charles Haresnape, Aldermore’s Group Managing Director - Mortgages, said:
“We are delighted to be providing our borrowers with free valuations as part of their mortgage application with us. By doing so, we will be saving our average customer around £450.
“With interest rates at record lows, now is a great time for homeowners to take out a mortgage, whether that is for taking the first step on the housing ladder, moving to their dream home or indeed remortgaging. Recent figures from the CML have shown this is indeed what people are doing, with remortgaging levels up 7% from June and 20% compared to a year ago.”
For further enquiries, journalists can contact:
Rachael Snelling, Aldermore
Phone: 0208 1853 102
Johnathan Priestley, Cicero Group
Notes to Editors:
Aldermore Group PLC is a specialist lender and savings bank offering straightforward products to Small and Medium-sized Enterprises (SMEs), homeowners, landlords and individuals, who we believe are often poorly- or under-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 June 2016, lending to customers stood at £6.8 billion and customer deposits totalled £6.5 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.