Aldermore Fixed 3.88% for 2 years

Assumed borrowing of £125,000 over 25 years, representative 5.4% APRC. Total amount payable: £227,302.66. Includes interest of £99,933.66, Valuation fee of £370, Booking fee of £0 and Administration fee of £1,999. Repayments: 24 monthly repayments of £651.54 at 3.88% (fixed), then 276 monthly repayments of £758.32 at 5.48% (variable).
Aldermore customer satisfaction scorecard:
How do we work this out?Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
Not rated |
Eligibility
Maximum age | 70 |
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Minimum age | 21 |
Location | England, Wales, Scotland |
Restricted location note | N/A |
Existing customer note | N/A |
Eligibility notes | N/A |
Mortgage product details
Mortgage types | Purchase, Remortgage, Buy to let |
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Deal type | Fixed |
Tracker type | N/A |
Payment options | Interest only, Repayment |
Mortgage product features
Overpayments allowed | Yes |
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Overpayment limits note | Overpayments of up to 10% of the outstanding mortgage balance can be made each year without charge. |
Offset mortgage | No |
Help to Buy mortgage | No |
Shared ownership mortgage | No |
Shared equity mortgage | No |
New-build mortgage | No |
Self-build mortgage | No |
Portable mortgage | No |
Product fees
Arrangement fee | £1,999 |
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Arrangement fee can be added to loan | Yes |
Booking fee | £0 |
Telegraphic transfer fee | £30 |
Insurance fee | £0 |
Other fees | £0 |
Rate information
Minimum borrowing amount | £25,000 |
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Maximum borrowing amount | £600,000 |
Minimum term (years) | 10 |
Maximum term (years) | 35 |
Initial deal end date | N/A |
Initial deal length (months) | 24 |
APRC | 5.37% |
Initial rate | 3.88% |
Revert-to rate | 5.48% |
Maximum LTV | 75.0% |
Other charges
Exit fees | £90 |
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Valuation admin fee | £0 |
Valuation fee | From £325 for property value above £100,000 |
Early repayment note | 3% then 2.50% until end of fixed period |
Standard benefits
Valuation admin fee excluded from any refund offer | Yes |
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Maximum free valuation | £0 |
Cash back amount | £0 |
Further notes about benefits | N/A |
Remortgage benefits
Cash back on legal fees | No |
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Free legal work | Yes |
Valuation offer | Payable |
Purchase mortgage benefits
Cash back on legal fees | No |
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Free legal work | No |
Valuation offer | Payable |