Aldermore has launched a limited education range of residential remortgage products – including a 2-year fix at 2.48% to 75% loan-to-value. The lender
Aldermore has launched a limited education range of residential remortgage products – including a 2-year fix at 2.48% to 75% loan-to-value.
The lender is also offering a 2-year fix at 2.78% to 80% LTV and 3-year fixes at 2.58% to 75% LTV and 2.88% to 80% LTV.
Products come with an application fee of £199, a funds transfer fee of £30 on completion and free standard legals.
Most SVR mortgage holders don’t refinance for a decade
Charles McDowell, commercial director, mortgages, at Aldermore, said: “Our new remortgage product offering, in conjunction with our manual approach to underwriting, is ideal for those customers who are currently “trapped” on their standard variable rate.
“As people’s circumstances change, for example if they have become self-employed or have split from a partner, their affordability may be impacted which means they may not be able to switch to another deal with their current lender.
“There are millions of borrowers across the U.K. on SVR who could be getting better deals. Now is the time for advisors to get in front of those borrowers.”