Specialist lender Aldermore is reducing rates across its owner occupier products for both new business and retention, as well as reintroducing 95% LTV mortgages.
For new customers and residential owner occupiers, Aldermore is reintroducing of 95% LTV mortgages for first time buyers (rates from 7.49%)
In addition, up to 75% LTV, all fixed rates are being reduced by 0.10% (rates from 5.54%). Up to 80% LTV, all fixed rates are reduced by up to 0.20% (rates from 5.79%)
And two and three year fixed rates with a discounted reversion rate (AMR -1.00%) up to 80% LTV are now available for levels 1, 2 & 3.
For existing buy to let customers and individual and company landlords with single residential investment properties, Aldermore is offering a new two-year fixed limited edition (rates from 6.49%), up to 70% LTV with no product fee
For residential owner occupiers on up to 75% LTV, all fixed rates are reduced by 0.10% (rates from 5.74%) and for up to 80% LTV, all fixed rates are reduced by up to 0.20% (rates from (5.99%)
Commenting on the range of changes Aldermore director of mortgages Jon Cooper said: “We’re pleased to begin the year with a bang by cutting rates and introducing new products.” He added: “We’re especially pleased to relaunch into the 95% LTV market, offering compelling options for first time buyers as they seek to get onto the property ladder for the first time in 2025.”