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.
Help To Buy remortgages now available with Aldermore
We’re pleased to announce that Aldermore can now consider eligible Help to Buy Equity Loan remortgage applications for properties in England through the Homes England scheme.
Although the Help to Buy Equity Loan scheme is closed to new applications, many customers who initially took fixed rate deals continue to require a remortgage. This new option may suit customers who want to retain their equity loan in full or those who want to borrow additional funds to partially repay some of their equity loan.
Key features include:
A simpler remortgage route for customers who want to keep their government-funded equity loan.
• Available for properties in England via the Homes England scheme.
• Access to Aldermore’s standard residential product range, subject to criteria.
• Support for eligible cases involving partial staircasing off the equity loan.
Read our broker criteria guide for full details on eligibility, maximum LTVs, submission requirements and the application process.
Important update: Changes to our Mortgage Rates
We’re making changes to rates across our buy to let new business and buy to let product switch range – from 5pm Tuesday, 13th October
Due to ongoing market volatility, we’re making changes to rates across our new business and product switch buy to let products.
We know advance notice is important when managing customer applications. That’s why, in line with our commitment to you, we’ll continue to provide at least one full working days’ notice of any changes.
We’re therefore giving you advance notice that current rates across our buy to let new business and buy to let product switch ranges will be withdrawn at 5pm on Tuesday, 13th October.
Increased rates will be available from Wednesday, 14th October.
Pipeline applications will continue to be processed as normal. To secure a withdrawn product for your client, a DIP must be submitted by 5pm on Tuesday, 13th October.