Aldermore announced some product changes. See below for more information. For information on their current products and criteria call our team or click here. REMEMBER, you can access the Aldermore range using our Direct to Lender mortgage club so do contact us for further information. For any Documents Click here. Calculators Click Here.
New residential owner occupied products
On Monday 20 November, we added new residential owner occupied products. So, whether your client is a first time buyer, self-employed or has experienced a credit blip in the past, we’re here to help. We look at each application on its own merits and if there’s a way to make it happen, we’ll try to find it.
- New 3 year fixed rates 65% to 90% LTV with £999 or zero fee option from 5.99%
- New 5 year fixed rates 65% to 90% LTV with a £1,999 fee from 5.84%
You’ll find all rates in our residential owner occupied mortgage guide.
We’re here for your self employed clients
- We can consider the higher of share of net profit & salary or salary & dividend when assessing affordability
- Latest years income considered for over 2 years trading
- If your client has less than 2 years accounts, we can consider lending to 85% LTV using salary & dividend
- We can consider capital raising for business purposes
How we support your clients with less than perfect credit
- We can consider clients on debt management plans, providing they’ve been satisfactorily maintained for 12 months or more
- We’ll consider your clients’ with CCJs & defaults as long as they were recorded over 36 months ago
- For clients with a credit blip, we still may be able to help, with mortgages up to 90% LTV
If you have any questions, contact your relationship manager or call the team on 0333 321 1000