Close

Aldermore expands support for homeowners struggling to remortgage

POSTED: 18th December 2018
IN: Newsroom
Share:
  • Two new lending tiers introduced across its residential remortgage range
  • The extended range highlights Aldermore’s commitment to supporting homeowners who do not fit the ‘cookie cutter’ mould often required by mainstream lenders

Recognising some homeowners have complex financial histories or credit blips which can cause problems when their fixed rate period ends, Specialist Bank Aldermore has today announced new remortgage products across its Level 2 and 3 Standard residential range. These new remortgage products have no valuation, legal or product fees

Available from today:

  • Level 2 – rates from 3.78% up to 75% LTV (no product, valuation or legal fees.)
  • Level 3 – rates from 4.28% up to 75% LTV (no product, valuation or legal fees)

In addition, we've updated rates across the Standard residential Level 1 range with rates from 2.68% up to 75% LTV.

Damian Thompson, Director of Mortgages, Aldermore, comments:

“At Aldermore we want to help homeowners who are struggling to refinance after their fixed term ends due to having credit blips or complicated financial histories. It does not seem fair that many borrowers, who have been paying off their mortgage just fine month-to-month on costly reversion rates, shouldn’t have the opportunity to move onto a better deal. Our human approach to lending enables us to consider each case on its individual merits so we can support people to find the right mortgage for them.”

*Ends*

 

For further information, journalists can contact:

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

  • Mortgages
  • Press Release