Aldermore enhances mortgage range

Intermediary residential and buy-to-let mortgage lender Aldermore has extended its range of mortgages.

The company's new products now include new two-year fixes that are available up to 80 per cent loan-to-value ratio LTV and rates from 4.78 per cent.

First-time buyers will also now be accepted up to 80 per cent LTV, with a minimum age of 25.

Aldermore has increased its buy-to-let mortgages to two properties per applicant.

The maximum loan sizes have also been upped to £600,000 to 75 per cent LTV and £400,000 to 80 per cent LTV.

Enhancements have been made to the organisation's three and five-year fixed rates which start from 4.88 per cent and 4.98 per cent respectively.

"Our proposition is to help creditworthy borrowers with non-standard mortgage requirements and the enhancements being announced today enable us to help a wider range of applicants, including first time buyers and buy to let landlords who want to finance one or two properties," Colin Snowdon, chief executive, residential mortgages at Aldermore, said.

Last month, the company extended its reach into the broker market by making its product range available to the 1,650 members of the intrinsic network of financial advisers.

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2010-08-17 13:01:35 © Moneyextra.com