Aldermore launches remortgage and purchase-only rates

Aldermore has made changes to its owner occupier range of mortgages across both remortgage and purchase-only products starting at 2.38%. These change

Aldermore has made changes to its owner occupier range of mortgages across both remortgage and purchase-only products starting at 2.38%.

These changes hope to help those stuck on standard variable rates, aiming to help any customers who could save on their monthly payments or who are unable to switch to a better deal with their current lender.

Charles McDowell (pictured), 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.

TSB launches new products and reduces interest rates

“The opportunity to remortgage could offer customers the chance to free up some cash, giving borrowers, in particular the self-employed, more flexibility.”

The reduced standard limited edition remortgage-only products are a 2-year fixed rate remortgage only at 2.38% up to 75% LTV (no upfront fees) – reduced by 0.10% and a 2-year fixed rate remortgage only at 2.68% up to 80% LTV (no upfront fees) – reduced by 0.10%.

The standard limited edition purchase-only products are a 2-year fixed rate purchase only at 2.38% up to 75% LTV and a 2-year fixed rate purchase only at 2.68% up to 80% LTV.

TSB has launched new products and reduced interest rates by up to 0.25% on mortgages for home movers and remortgage borrowers.

Homemover 5-year fixes have been cut by between 0.10% and 0.25%, as fee free rates now stand at 1.99% to 60% loan-to-value, 2.14% to 75% LTV, 2.24% to 80% LTV, 2.39% to 85% LTV, 3.14% to 90% LTV and 4.54% to 95% LTV.

In 2018 the challenger banks will be one year older, potentially better capitalised and more fleeter-footed than the Big Six lenders to react to the ever-shifting political plates.

Go to Source

COMMENTS