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Aldermore refreshes commercial mortgage range




Aldermore has announced changes to its commercial investment and commercial owner-occupied mortgage range.

The specialist lender is offering a choice of variable and fixed rate mortgages up to 75% LTV for loans up to £1m.

Aldermore has also announced the launch of a new 70% LTV tier and has made the following changes to the product range:

  • All variable rates re-priced, starting from 4.59%
  • New three-year fixed rates, starting from 4.69% and now just 0.1% above variable rates
  • New five-year fixed rates, starting from 4.79% and now just 0.2% above variable rates
  • New 70% LTV tier added
  • Commitment fee reduced to 0.25% from 0.5% – no change to 1.75% arrangement fee.

Charles McDowell, commercial director of mortgages at Aldermore, said: “Our latest commercial mortgage refresh provides more choice for businesses, with products available across three LTV tiers.

“We are pleased to be reducing rates across a range of our commercial investment and commercial owner-occupied mortgages, encouraging businesses to invest in their future.


“With such competitive fixed rates available, our new products offer commercial borrowers the option to choose the security of fixed payments for three or five years at limited additional cost.”

The product range includes:

Commercial Investment

Commercial Owner-Occupier

Variable term

  • 4.99% for 60% LTV
  • 5.34% for 70% LTV
  • 5.44% for 75% LTV

Three-year fixed rates

  • 5.09% for 60% LTV
  • 5.44% for 70% LTV
  • 5.54% for 75% LTV

Five year fixed rates

  • 5.19% for 60% LTV
  • 5.54% for 70% LTV
  • 5.64% for 75% LTV

Variable term

  • 4.59% for 60% LTV
  • 4.94% for 70% LTV
  • 5.04% for 75% LTV

Three-year fixed rates  

  • 4.69% for 60% LTV
  • 5.04% for 70% LTV
  • 5.14% for 75% LTV

Five year fixed rates

  • 4.79% for 60% LTV
  • 5.14% for 70% LTV
  • 5.24% for 75% LTV

 

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