Aldermore is cutting rates by up to 30 basis points on a number of products as well as bringing back a number of remortgage deals for borrowers with complex circumstances.

The deals are suited to borrowers with a less-than-perfect credit score and come with no fee, as well as free standard legals and valuation.

Aldermore’s new remortgage-only deals are:

• Two-year fixed 3.48% up to 75% LTV
• Five-year fixed 3.78% up to 75% LTV
• Two-year fixed 3.68% up to 80% LTV
• Five-year fixed 3.98% up to 80% LTV

At the same time, the lender is cutting rates on a range of purchase and remortgage products, which have a £999 fee:

• Two-year fixed up to 75% LTV – was 3.48%, now reduced to 3.18%
• Five-year fixed up to 75% LTV – was 3.68%, now reduced to 3.38%
• Two-year fixed up to 80% LTV – was 3.78%, now reduced to 3.48%
• Five-year fixed up to 80% LTV – was 3.98%, now reduced to 3.68%

Aldermore head of mortgage distribution Jon Cooper says: “The pandemic has accelerated the increasingly broad set of financial circumstances that borrowers have, so we want to be inclusive and responsive to this long-term trend. 

“It is important to give opportunity to the widening number of people that may have complex income streams or credit issues in the past so that they can find a product that suits their individual circumstances.

“At Aldermore, we continually review our mortgage proposition and the rates we offer to ensure we best serve our customers and aspiring homeowners. 

“With the reintroduction of these remortgage products, we’re delighted to be providing a greater amount of choice to homeowners looking to secure a better deal or reduce monthly payments to release funds to be put towards other large expenses on the horizon such as home renovations.”