Aldermore Bank has brought back its 95% loan to value range and launched new purchase and remortgage products.

The challenger bank reintroduces its 95% LTV offer for purchase only, with a £999 product fee.

These are:

A two-year fixed-rate loan at 5.08% at 95% LTV.

And a five-year fixed-rate mortgage at 5.28% at 95% LTV.

The lender debuts new limited edition products for purchase and remortgage, which are fee-free with no product and valuation or funds transfer fee, with free legal work on remortgages.

These are:

A two-year fixed-rate loan at 2.48% at 75% loan-to-value.

A five-year fixed-rate deal at 2.68% at 75% LTV.

A two-year fixed-rate offer at 2.78% at 80% LTV.

And a five-year fixed-rate mortgage at 2.98% to 80% LTV.

The firm’s purchase and remortgage products across its standard level 1 range, with a £999 product fee, come with the following rate cuts:

A two-year fixed-rate offer at 3.08%, reduced from 3.18%, at 75% LTV.

A five-year fixed-rate deal at 3.28%, down from 3.38%, at 75% LTV.

A two-year fixed-rate loan at 3.38%, cut from 3.48%, at 80% LTV.

And a five-year fixed-rate mortgage at 3.58%, reduced from 3.68%, at 80% LTV.

These remortgage only products are also reduced and do not have product fees:

A two-year fixed-rate deal at 3.38%, down from 3.48%, at 75% LTV.

A five-year fixed-rate offer at 3.68%, cut from 3.78%, at 75% LTV.

A two-year fixed-rate loan at 3.58%, reduced from 3.68%, at 80% LTV.

And a five-year fixed-rate mortgage at 3.88%, down from 3.98%, at 80% LTV.

The bank lends at up to 5.5 times income for individuals or joint applicants with a total allowable income of at least £50,000 and a maximum term of 40 years.

It considers applicants that have had communications defaults and all defaults registered over three years ago, as well as applicants who’ve taken government grants or bounce back loans.

Aldermore head of mortgage distribution Jon Cooper says: “There is a lot of motivation among buyers to put those home-buying plans devised during lockdown into action so whether you’re a first-time buyer, home mover or looking to remortgage, we want to help find a solution that can fit your individual circumstances.

“Conditions have been tough the past year particularly for those that do not necessarily have simple or straightforward finances, such as the self-employed or those with blips on their credit history, but the market is very much open for business again.

He adds: “It’s important people see they have opportunity to realise their homeownership dreams, which is why we consider every application on its own merits, and pride ourselves on tackling even the more challenging applications and, if there’s a way to make it happen, we’ll find it.”