Aldermore relaunches residential & buy-to-let mortgage ranges

• Posted: 22 October 2012
• In: General News
• Tags: Lending, Product Updates

Aldermore, the British challenger bank, has re-launched its standard range of residential & buy-to-let mortgages with lower rates throughout the range:

Residential range features

 - 2 yr fixes from 4.58%, 3yr fixes from 4.48% and 5 yr fixes from 4.68%
 - 1 yr discounts from 4.58%, 2 yr discounts at 4.28% & term variable rate of 4.28%
 - All completion fees now just £999

Buy-to-let range features

 - 2 yr fixes from 4.78%, 3 yr fixes from 4.48% and 5 yr fixes from 4.98%
 - 2 yr discounts from 4.48% & term variable rates from 4.48%

Charles Haresnape, Managing Director of Aldermore Residential Mortgages, said: "Many of our mortgage rates have been revised downwards, making our entire range of residential and buy-to-let mortgages extremely competitive. I'm sure this will be welcome news for brokers, who are looking for developments that will help breathe life into the mortgage market once again."

Aldermore is continuing to market its innovative Family Guarantee Mortgage, designed to help hard-pressed homebuyers struggling to raise a big enough deposit. Aldermore is also a participating in the government backed NewBuy scheme and has a range of specialist products available via a number of leading property developers based throughout the UK.

Full details about the mortgage products and services available from Aldermore is available at: www.aldermore.co.uk or by phoning 0333 3211000.

 

**ends**

 

For further information journalists can contact:

 

Josh Cooper, PR consultant                   office: 01654 791385

josh@cooper-consultants.co.uk           mobile: 07768 355265

 

Notes to Editors

About Aldermore

Aldermore is a new British bank and one of the best capitalised banks in the UK. With backing provided by AnaCap and Morgan Stanley Alternative Investment Partners, Morgan Stanley's Private Equity Fund of Funds business and new investment from the consortium of funds managed by Goldman Sachs Asset Management, Honeywell Capital Management and the Ohio Public Employees Retirement System, Aldermore raises deposits from consumers and lends to homeowners and small and medium sized businesses.

Aldermore does not depend on the wholesale, securitisation or international capital markets and has not been involved in any banking activities or the marketing of any exotic products which have been the cause of problems for so many financial institutions.

As a British bank, Aldermore is regulated by the Financial Services Authority and is registered under the Financial Services Compensation Scheme, which means customers' savings are protected up to the statutory limit of £85,000 per person. Aldermore is also a member of the Council of Mortgage Lenders.

Aldermore markets its lending products via professional financial advisers and specialist commercial finance brokers located throughout England and Wales.

 

About AnaCap Financial Partners

Established in 2005, AnaCap is Europe's largest specialist private equity investment advisor in the financial services sector. Based in London and investing across Europe, AnaCap advises funds with more than €1 billion under management. AnaCap's funds invest in businesses with high growth potential and strong management teams. AnaCap works with management teams to improve infrastructure and business processes. It employs sophisticated, twenty-first century technology to create low cost, scalable, sustainable and highly digital based platforms. AnaCap's day-to-day support allows management to pursue growth strategies in the most efficient and effective manner.

AnaCap's team of professionals also assists investee companies in assessing and reducing key credit and market risks. This expertise in risk and liability management is a key factor in the strong performance of AnaCap's portfolio.

The success of AnaCap's investment strategy and team has attracted investment from highly regarded global institutional investors including Goldman Sachs, Allianz, Morgan Stanley Alternative Investment Partners, Honeywell, State of New Jersey and Adams Street Partners.