Aldermore is cutting a number of mortgage rates for a limited period.

The products in question are as follows:

• Residential term variable rate – now 3.98% to 80% LTV, down from 4.28%
• Buy-to-let two-year fixed rate – now 4.98% to 80% LTV (market leading), down from 5.78%.
• Buy-to-let term variable – now 4.48% to 75% LTV, down from 4.98%
• Family Guarantee Mortgage – two and three year fixed rates reduced to 5.48% from 95% to 100% LTV, down from 5.98%

“We’re delighted to announce these rate reductions at a time when the mortgage market traditionally slows-down over the winter period,” said Charles Haresnape (pictured), managing director of Aldermore Residential Mortgages.

“These rate cuts will be for a limited period only, so brokers need to submit cases as soon as possible to avoid disappointment.”