Aldermore bank has refreshed its residential owner-occupied mortgage range, adding products for purchase and remortgage as well as reducing rates.

Aldermore’s limited edition products for purchase and remortgage are fee-free with no product and valuation or funds transfer fee, with free legals on remortgages.

Notable deals include a 75% loan-to-value (LTV) 2-year fix at 2.48%, a 75% LTV 5-year fix at 2.68% and a 80% LTV 5-year fix at 2.98%.

The bank has also reintroduced its 95% LTV proposition for purchase only, with deals including a £999 fee; the offerings are a 95% LTV 2-year fix at 5.08% and a 95% LTV 5-year fix at 5.28%.

Aldermore bank has reduced its 75% LTV 2-year fix from 3.18% to 3.08%, its 80% LTV 2-year fix from 3.48% to 3.38%, and its 80% LTV 5-year fix from 3.68% to 3.58%.

All three deals are for purchase or remortgage and include a £999 fee.

For remortgages only, the lender has reduced its 75% LTV 5-year fix from 3.78% to 3.68% and its 80% LTV 2-year fix from 3.68% to 3.58%.

Jon Cooper, head of mortgage distribution at Aldermore Bank, said: “We’re delighted to be expanding our range of owner occupied mortgages and reducing the rates of some of our most popular products.

“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.

“It’s important people see they have opportunity to realise their home ownership 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.”

This news follows on from Aldermore adding to its buy-to-let range earlier in the month.