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.
Our revised security policy means fewer debenture requirements and more room for your clients to grow.
We’re pleased to confirm that we’ve updated our approach to security requirements for customers with larger buy to let portfolios.
We will no longer require a debenture where a customer’s portfolio consists solely of single-unit properties, regardless of the overall portfolio value.
For portfolios including HMO or MUF properties, we may seek additional security via a debenture where total lending on the HMO / MUF properties exceeds £1.2 million.
Previously, this was required for all portfolios above £1 million.
This change provides greater flexibility for your landlord clients and removes concerns around the impact of security requirements on their ability to expand their portfolios in future.