Aldermore has brought out new residential products and cut rates across its existing line up.

The new products, available for purchase or remortgage, comprise:

• A 75% LTV two-year fix at 3.08%
• A 75% LTV five-year fix at 3.38%
• An 80% LTV two-year fix at 3.28%
• An 80% LTV five-year fix at 3.58%

Each charges no fee and, for a remortgage, comes with free legals.

The lender has also made rate cuts of 30 basis points, which take place on the following purchase and remortgage products, each charging a £999 fee:

• The 75% LTV two-year fix is now 2.78%
• The 75% LTV five-year fix is now 2.98%
• The 80% LTV two-year fix is now 3.08%
• The 80% LTV five-year fix is now 3.28%

Aldermore head of mortgage distribution Jon Cooper says: “We aim for a human approach when it comes to supporting those with complex needs or less than perfect credit. Our enhanced human underwriting process allows us to dig into the detail of a borrower’s application, crucial against today’s market backdrop.

“This gives us a better understand of the ever-widening range of individual circumstances so we can better serve new and existing borrowers in 2022.”