Aldermore has today (21 September) introduced three new limited edition two-year fixed mortgage products for residential purchase and remortgages.
To accompany the product, Aldermore is offering a free valuation for the two-year fixed mortgages with 70 per cent, 75 per cent and 80 per cent 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 per cent LTV offering for this product category.
The new product range includes a 3.28 per cent up to 70 per cent LTV with free valuation, a 3.38 per cent deal up to 75 per cent LTV with free valuation and a 3.68 per cent deal up to 80 per cent LTV with free valuation.
The product fee is £999 with no application fee applicable.
There are no legal fees applicable for those customers remortgaging.
Charles Haresnape, Aldermore’s Group managing director of 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 Council of Mortgage Lenders have shown this is indeed what people are doing, with remortgaging levels up 7 per cent from June and 20 per cent compared to a year ago.”
Paul Dorwood, mortgage adviser at Pad Financial, said: “For the space Aldermore operates in, these deals are competitive.”
