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.
Consumer Duty – updated product information sheets
As part of our obligations set out by the FCA under Consumer Duty, we put the needs of our customers first, making sure our products and services are easy to understand, and that they’re accessible for all.
We regularly review our products and services to ensure they continue to offer fair value and have recently updated our product information sheets to ensure you’re in a position to meet your requirements under the Duty too.
Mortgage Product Information Sheets
We’ve updated our information sheet for each of our products. You can click on the links below and download them from our website:
► Standard mortgages
► Standard level 2 mortgage
► Standard level 3 mortgage
► High loan to value mortgages
► Buy to let mortgages
Consumer Duty Guide
You can download our guide for information on the Consumer Duty Principle and the cross-cutting rules financial firms are expected to follow.
Vulnerable customers webinar
Under the Consumer Duty, firms should act to deliver good outcomes for all customers, including those with vulnerabilities.
We recently hosted a webinar on vulnerable customers, and wanted to share this with you. We had a great speaker panel that included AMI Chief Executive Robert Sinclair and Ben Taylor, Aldermore’s Chief Customer Experience Officer who discussed why it was important when identifying a vulnerable client that this information should then be shared with the lender.
Watch the full webinar below to find out more.
More mortgage options for your first time buyer clients
Taking that first step on the property ladder can be tough. With affordability continuing to be a challenge it might feel like there’s fewer options available.
We’re always looking for new ways to say ‘yes’ to more people, which is why our level 1 and 2 mortgage range is available up to 95% LTV.
How we’re making more happen for your clients
- Up to 95% LTV
- Increased maximum LTV limits on new builds – houses 90% and flats 85%
- 2, 3 and 5 year fixed rates
- Lending for debt consolidation to 85% LTV
- Up to 90% LTV for self-employed customers with 1-year accounts
Did you know? When you submit a residential owner-occupied DIP, you don’t need to select a product as the system will auto select based on the information you’ve supplied, and this doesn’t generate a hard footprint.
