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2 Year Fixed Rate Mortgage (75% LTV)

2.98% fixed for 2 Years
5.48% variable for the
remaining term of the
mortgage
5.3% APRC is the overall cost for
comparison
  • 4.3/5 (4 reviews)

Average rating for this product

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We look at each application on an individual basis.
Speak to our team of expert mortgage advisers for more information.

Maximum LTV 75%
Initial Rate 2.98%
Aldermore Managed Rate (AMR) The Aldermore Managed Rate is the variable rate set by Aldermore 4.73%
APRC The Annual Percentage Rate of Charge (APRC) can be used to compare the total cost of different mortgage products. 5.3%
Product Fee £999
Application Fee £0
Reversion Rate 5.48%
AMR + 0.50%
Early Repayment Charge

3.00% year 1
2.50% year 2

Overpayments Overpayments of up to 10% of the outstanding balance can be made each year without incurring an early repayment charge.
Valuation Fee
Property
value
Standard
valuation fee
£75,000 - £100,000 £325.00
£100,001 - £150,000 £370.00
£150,001 - £200,000 £370.00
£200,001 - £300,000 £480.00
£300,001 - £400,000 £580.00
£400,001 - £500,000 £650.00
£500,001 - £600,000 £695.00
£600,001 - £700,000 £765.00
£700,001 - £800,000 £845.00
£800,001 - £900,000 £915.00
£900,001 - £1,000,000 £960.00
£1,000,001 - plus Available on request
Adding Fees Product and Funds Transfer fees can be added up to 80% LTV.
Minimum Loan Amount £25,000.00
Maximum Loan Amount £1,000,000.00

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE 

Representative Example

A mortgage of £155,000 payable over 25 years, initially on a fixed rate for 2 years at 2.98% and then on our current variable rate of 5.48% for the remaining 23 years, would require 24 monthly payments of £733.42 followed by 276 payments of £934.16. The total amount payable would be £276,270.24 made up of the loan amount plus interest (£120,430.24) and a valuation fee £480 and estimated legal fees of £360.


The overall cost for comparison is 5.3% APRC representative.

Rated 5 out of 5 by from Test TestTestTestTestTestTestTestTestTestTestTestTestTestTestTest
Date published: 2014-05-27
Rated 3 out of 5 by from test test test test test testtest test test test testtest test test test testtest test test test test
Date published: 2014-05-19
Rated 5 out of 5 by from Test Mariana to check if staging workbench is required to approve review Test Mariana to check if staging workbench is required to approve reviewTest Mariana to check if staging workbench is required to approve reviewTest Mariana to check if staging workbench is required to approve reviewTest Mariana to check if staging workbench is required to approve review
Date published: 2014-05-13
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