Aldermore has added two new products to its Limited Edition range of residential mortgages.

Firstly, a 3.49% two-year fix, available up to 65% loan to value. After two years the rate reverts to Aldermore’s own managed rate, which is currently 4.98%.

Secondly, a 3.99% two-year fix, available up to 75% loan to value. After two years the rate reverts to Aldermore’s Managed Rate plus 0.5%.

Loans are available up to £600,000 for either house purchase or remortgaging, for employed, self-employed and first time buyers based throughout mainland England and Wales. Both products have a completion fee of £1,999 and early repayment charges are 5% of the outstanding balance in year one and four per cent in year two.

Colin Snowdon, chief executive of Aldermore’s residential mortgage lending business, said: “Two-year fixes have always been popular and these are very competitive deals