Aldermore has reduced rates across its residential owner occupied mortgage range and reintroduced a range of remortgage products.

These products are designed to support borrowers, whether they’re looking to get on the property ladder, have complex needs, less than perfect credit, or want to secure a better deal.

The following fee-free remortgage only products include no product fee, and free standard legal and free standard valuation fees:

• 2 year fixed 3.48% to 75% LTV
• 5 year fixed 3.78% to 75% LTV
• 2 year fixed 3.68% to 80% LTV
• 5 year fixed 3.98% to 80% LTV

The reduction in rates for the following purchase and remortgage products will include a £999 product fee:

• 2 year fixed up to 75% LTV – 3.48% reduced to 3.18%
• 5 year fixed up to 75% LTV – 3.68% reduced to 3.38%
• 2 year fixed up to 80% LTV – 3.78% reduced to 3.48%
• 5 year fixed up to 80% LTV – 3.98% reduced to 3.68%

Jon Cooper, head of mortgage distribution, Aldermore, said: “The pandemic has accelerated the increasingly broad set of financial circumstances that borrowers have, so we want to be inclusive and responsive to this long-term trend. It is important to give opportunity to the widening number of people that may have complex income streams or credit issues in the past so that they can find a product that suits their individual circumstances.

 “At Aldermore, we continually review our mortgage proposition and the rates we offer to ensure we best serve our customers and aspiring homeowners. With the reintroduction of these remortgage products, we’re delighted to be providing a greater amount of choice to homeowners looking to secure a better deal or reduce monthly payments to release funds to be put towards other large expenses on the horizon such as home renovations.”