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2 Year Fixed Rate Low Deposit Mortgage (85% LTV)

For first time buyers, home movers or remortgagers with a minimum of a 15% deposit or 15% equity.

4.78% fixed for Our 2 Year Fixed Rate
5.48% variable for the
remaining term of the
mortgage
5.6% APRC is the overall cost for
comparison

How much could a mortgage cost me?

> View a representative example
For Expert Advice

For Expert Advice

Credit Status

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

Maximum LTV 85%
Initial Rate 4.78%
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. 5.6%
Product Fee £999
Application Fee £0
Reversion Rate 5.48% (AMR + 0.75%)
Early Repayment Charge
  Year 1 Year 2
2 year fixed 3.00% 2.50%

 

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
Minimum Loan Amount £25,000.00
Maximum Loan Amount £400,000.00

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

Representative Example


A mortgage of £123,500 payable over 30 years, initially on a fixed rate for 2 years at 4.78% and then on our current variable rate of 5.48% for the remaining 28 years, would require 24 monthly payments of £646.47 followed by 336 payments of £697.05. The total amount payable would be £250,454.08 made up of the loan amount plus interest (£126,224.08) and a valuation fee of £370 and estimated legal fees of £360.

The overall cost for comparison is 5.6% APRC representative.

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