Aldermore expands it options for remortgage customers.
The lender Aldermore has expanded the loan options available to customers who are seeking a remortgage deal.
The new range includes products for up to 90% LTV for fixed terms of either 2 or 5 years, which may be of interest to you if you want to:
- raise finance for a home improvements project
- consolidate and pay off debts
- begin paying back the equity from your Help to Buy mortgage
Aldermore has decided not to charge any remortgage product or application fees and also include a free legal pack and valuation to keep costs for you as low as possible.
Something to be aware of is that the remortgage market has changed significantly. Rules have been getting ever more complex and rate rises are predicted, although no one is sure when. Tightened mortgage criteria are now impacting all borrowers, and this includes remortgaging home-owners.
The fact is even remortgaging home-owners now need help to get a great deal.
It’s no longer the case that remortgaging to a lower rate is an easy switch. While you might think you’re a cert for a cheaper deal, differences in lending criteria mean even remortgaging home-owners have to jump through hoops before being accepted.
To make certain you are obtaining the best product possible, speak to the experts - Deal Direct. Don’t underestimate the value the right broker can add to your search for a remortgage.