Close

Aldermore reduces rate on high LTV 95% mortgage

POSTED: 1st November 2018
IN: Newsroom
Share:

Specialist Bank, Aldermore, has this week reduced the rate on its two-year fixed high loan-to-value (LTV) 95% mortgage product.

Available immediately:

  • 2 year fixed High LTV 95% mortgage product (400k max) down to 4.58% from 4.78%

This is a further reduction to the product rate following-on from the announcement in September of a refresh of Aldermore’s residential mortgage offering, which reduced rates across the house purchase and remortgage product range.

Damian Thompson, Director of Mortgages, Aldermore, comments: “Our latest First-Time Buyer Index shows that raising a deposit remains the biggest barrier to those looking to purchase their first home. Many in the UK are in a position where they are able to afford mortgage repayments but are being frustrated by the struggle to raise a substanial deposit, so we want to continue to open up options for them to turn home ownership into a reality.”

ENDS

For further information, journalists can contact:

Gareth Hill, Press Office – Mortgages, Aldermore
Mobile:          07721 127514
Email:            gareth.hill@aldermore.co.uk

Notes to editors

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

  • Press Release