You are here: cherry > Press releases for July 2010 > Aldermore launches limited edition range up to 80% LTV and increases maximum loan size to £500,000

12 July 2010

Aldermore, the new intermediary residential and buy to let lender, has launched a Limited Edition range of residential mortgage products and increased its maximum loan size to £500,000. The Limited Edition range has the following features: A choice of one and three year discounts starting at 4.39%, one year fixed rates starting at 4.99% and new term variable rates starting at 4.98% All rates available up to 80% LTV for both purchase and remortgage Completion fees from £999 The following features are available across both the Limited Edition and Standard residential ranges: Historical mortgage arrears considered if the arrears were resolved over 12 months ago Maximum loan limits increased to: £500K to 50% LTV, £400K to 65% LTV and £300K to 80% LTV Fee free conveyancing on all remortgages Further product details are included in the ‘notes to editors’ and a downloadable product guide which gives all rates, fees and criteria, is available by visiting www.aldermore-mortgages.co.uk/products. Colin Snowdon, Chief Executive, Residential Mortgages at Aldermore, said: “Our Limited Edition range, which sits alongside our existing Standard range, answers many of the ‘wish list’ requests made since our launch: a wider choice of products with new one and three year discounts and one year fixed and term variable rate options; extremely competitive rates up to 80% LTV; completion fees from £999 and an increased maximum loan size available up to £500,000. “The Limited Edition range is available immediately to both appointed reps and directly authorised brokers via any of our distribution partners. Brokers need to register before submitting business to us, which they can do online at www.aldermore-mortgages.co.uk.” Aldermore’s distribution partners include: 3mc, BDS, Legal & General, Mortgages for Business, Mortgage Intelligence, Mortgage Next, Pink, Platinum, PMS, PTFS and Sesame. Intermediaries can obtain further product information at www.aldermore-mortgages.co.uk/products, by phoning 0333 321 1000 or by e-mailing: mortgage.sales@aldermore.co.uk **ends**

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