In recent news, Aldermore and CHL Mortgages have relaunched their Base Tracker deals. This move is sure to be of great benefit to those looking for a competitive mortgage deal.
Base Tracker deals are mortgages with a variable interest rate that is linked to the Bank of England base rate. This means that when the base rate changes, so does the interest rate on the mortgage. This makes them an attractive option for those who want to benefit from any potential drops in interest rates.
The relaunch of these Base Tracker deals by Aldermore and CHL Mortgages is a welcome move for those looking for a competitive mortgage deal. Both lenders are offering competitive rates, with Aldermore offering a base rate of 1.99% and CHL Mortgages offering a rate of 2.09%. This means that those who take out one of these deals could potentially save thousands of pounds in interest payments over the course of their mortgage.
In addition to the competitive rates, both lenders are also offering a range of other benefits. Aldermore is offering a free valuation and legal fees, while CHL Mortgages is offering free legal fees and a cashback offer of up to £500. These additional benefits make these deals even more attractive for those looking for a competitive mortgage deal.
Overall, the relaunch of Base Tracker deals by Aldermore and CHL Mortgages is an exciting move for those looking for a competitive mortgage deal. With competitive rates and additional benefits, these deals are sure to be popular with those looking to save money on their mortgage payments.