Aldermore has made changes to its owner-occupier range of mortgages, across both remortgage and purchase only products, with rates starting from 2.38%.
Reduced Standard Limited Edition remortgage only products:
- 2 year fixed rate remortgage only at 2.38% up to 75% LTV (no upfront fees) – reduced by 0.10%
- 2 year fixed rate remortgage only at 2.68% up to 80% LTV (no upfront fees) – reduced by 0.10%
New Standard Limited Edition Purchase only products:
- 2 year fixed rate purchase only at 2.38% up to 75% LTV
- 2 year fixed rate purchase only at 2.68% up to 80% LTV
Charles McDowell (pictured), Aldermore’s commercial director, mortgages, said: “In an environment of consistently low interest rates, it’s tempting for homeowners to relax and go with the flow, when it comes to their mortgage. But if they’re on their lender’s standard variable rate, it’s likely they could get a better deal elsewhere and save money on their monthly payments, or pay off their mortgage quicker.
“The opportunity to remortgage could also offer customers the chance to free up some cash, giving borrowers, in particular the self-employed, more flexibility.”