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 98% LTV and Reduced Rate Products – from Wednesday, 29 July
We shared with you earlier today the latest enhancements coming to our residential mortgage proposition, giving you more ways to support customers who don’t fit neatly within mainstream lending criteria.
At the heart of the changes is our new five-tier lending approach, designed to provide greater flexibility across a wider range of customer circumstances and help you place more cases
Alongside this, we’re also introducing our new 98% LTV products for residential owner occupied customers, reducing rates across our core range and bringing you new limited-edition products, giving you even more options to find the right solution for your customers.
Available from Wednesday, 29 July, see below for more detail
Residential owner occupied
• New 98% LTV available for Level 1
• Reduced rates across the range
New limited edition rates – available for 2 weeks only
• Level 1, 98% LTV price matched to 95% LTV
• Level 2 and 3 rates at 90% and 95% LTV priced matched to Level 1
Buy to let
• Reduced rates across 2 and 5 year fixed rates
• New 2 year fixed with flat £1,999 fee
• New 2 year fixed limited edition rates
Product Switch
• Residential owner occupied:
Reduced rates across 2 and 5 year fixed rates
• Buy to let for individuals and companies with single residential investment properties:
Reduced rates across 2 and 5 year fixed rates
• Buy to let HMO and multi-unit freeholds:
Reduced rates across 2 and 5 year fixed rates
Product Withdrawals
• Current credit criteria for Residential owner occupied
• Current Buy to let 2 & 5 year fixed Limited Editions
• Current Special Edition for product switch
These rates will be withdrawn from 5pm, Tuesday 28 July and we’ll continue to accept DIPs submitted in the portal up to this time.