Aldermore reintroduces 95% LTV lending for limited time

Essex Home Finance
Aldermore has brought back 95 per cent LTV mortgages for a limited time period.
The latest Finance and Property News2

Aldermore has brought back 95 per cent LTV mortgages for a limited time period, although the lender says it wishes to issue them on a permanent basis “in the near future”.

The high-LTV products are purchase only and available on a two-year fix at 5.08 per cent and a five-year fix at 5.28 per cent.

Both come with a £999 fee.

Aldermore has also made cuts across its 85 per cent LTV and 90 per cent LTV range.

At 85 per cent LTV for purchase and remortgage, the two-year fix has gone from 4.38 per cent to 4.08 per cent and the five-year fix from 4.58 per cent to 4.28 per cent.

And at 90 per cent LTV for purchase and remortgage, the two-year fix has been reduced from 5.28 per cent to 4.78 per cent and the five-year fix from 5.38 per cent to 4.98 per cent.

These products also charge a £999 fee.

Aldermore head of mortgage distribution Jon Cooper comments: “We’re delighted to be one of the first lenders to reintroduce our 95 per cent LTV proposition to meet the strong demand from first-time buyers right now.

“Lockdown has given many people the chance to focus on their long term goals and, with three fifths of FTBs saying they are now more motivated to buy, we want to provide greater choice and opportunity to help new buyers realise their dreams of becoming homeowners.”

Aldermore joins Accord, the Bank of Ireland and Skipton in bringing high-LTV lending back to the market.

Original Article from 25/03/2021

justinm73.sg-host.com/95mortgages

Get In touch

Leave this field blank
Mobile / Home Number
Please choose the closest match to your Mortgage Needs
  • Choose
  • First Time Buyer
  • Help To Buy
  • Homemover
  • Remortgage
  • Buy to Let
  • Equity Release
  • Insurance
  • Home Utilities
  • Nothing found
Essex Home Finance

(01245) 398466

Call Anytime

Address : 8 Kingsdale Business Centre, Regina Road, Chelsmford, Essex, CM1 1PE

Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

Registered address: 1 High Street, Chelmsford, Essex, CM1 1BE.

Registered in England & Wales under number 10607263.

Your home may be repossessed if you do not keep up repayments on your mortgage.

We do not charge for Residential First Time Buyers, Residential Home Movers, Residential Remortgage, and all Product Transfers (Residential or Buy to Let).

There will be a fee for all Buy to Let Purchase and Buy to Let Remortgage cases. Typically our fee will be £149, payable on Offer. We will agree any fees with you before we proceed with your case.

There will be a fee for all Equity Release Mortgage cases. Typically our fee will be £695, payable on Offer. We will agree any fees with you before we proceed with your case.

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. 

Our advice is covered under the Financial Ombudsman Service.  You may be able to submit a claim through the  EU Online Dispute Resolution Platform If you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.