Aldermore has introduced three new limited edition two-year fixed mortgage products for residential purchase and remortgages.

The lender is also offering a free valuation for the two-year fixed mortgages with 70%, 75% and 80% LTV.

In addition, Aldermore has cut the rate on its 70% LTV offering for this product category.

The new product range includes:

• 3.28% up to 70% LTV with free valuation
• 3.38% up to 75% LTV with free valuation
• 3.68% up to 80% LTV with free valuation
• Product fee: £999 (no application fee applies)
• No legal fees apply for those customers remortgaging

Charles Haresnape (pictured), Aldermore’s group managing director for mortgages, said: “We are delighted to be providing our borrowers with free valuations as part of their mortgage application with us. By doing so, we will be saving our average customer around £450.

“With interest rates at record lows, now is a great time for homeowners to take out a mortgage, whether that is for taking the first step on the housing ladder, moving to their dream home or indeed remortgaging. Recent figures from the CML have shown this is indeed what people are doing, with remortgaging levels up 7% from June and 20% compared to a year ago.”