Aldermore has unveiled a new limited edition two year-fixed residential owner-occupied product.

It is Aldermore’s lowest ever two-year fixed rate and is available immediately for both purchase and remortgages, with a completion fee of £999.

The new product rates are 3.38% to 75% LTV and 3.68% to 80% LTV.

Charles Haresnape (pictured), Aldermore’s group managing director of mortgages, said: “Low interest rates and positive affordability continue to drive a healthy level of demand within the housing market. Last year saw lending levels at their highest since 2007, up 7% on 2014 whilst remortgage activity was up 11%.

“Our new two-year fixed rate, available for both purchase and remortgage, is great for homeowners looking ahead and planning for any possible rate rises. Aldermore is dedicated to offering a competitive range of mortgage options to suit individual customer needs and the new product available today to our residential customers highlights this commitment.”