Aldermore Fixed 3.88% for 2 years
Assumed borrowing of £125,000 over 25 years, representative 5.2% APRC. Total amount payable: £222,542.50. Includes interest of £95,173.50, 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 £741.07 at 5.23% (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 |
|---|---|
| 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 |
|---|---|
| Deal type | Fixed |
| Tracker type | N/A |
| Payment options | Interest only, Repayment |
Mortgage product features
| Overpayments allowed | Yes |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 | 5.15% |
| Initial rate | 3.88% |
| Revert-to rate | 5.23% |
| Maximum LTV | 75.0% |
Other charges
| Exit fees | £90 |
|---|---|
| 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 |
|---|---|
| Maximum free valuation | £0 |
| Cash back amount | £0 |
| Further notes about benefits | N/A |
Remortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |
Purchase mortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |