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.
Withdrawing products across our mortgage range
We’re withdrawing all residential owner occupied and buy to let mortgage products – from 6pm today, 26 May
We’ve made the decision to withdraw all products across our buy to let and residential owner occupied range.
As a responsible lender, we’ve had to make this quick decision in reaction to market conditions.
We appreciate it isn’t the usual notice period we’d normally give you and we’re sorry about this.
Our new business products will be withdrawn today and we’ll continue to accept DIPs submitted in the portal up to 6pm Friday 26 May.
Pipeline applications
We’ll process pipeline applications as usual and if you’d like to secure one of our products for your client, the latest you can submit a decision in principle (DIP) is 6pm Friday, 26 May.
Our DIP guarantee
We guarantee our new business DIPs for 10 days – this secures the rate and product but it also gives you the time to gather all the information we need to review your case.
So, once you have everything in hand, this is when you should start uploading the checklist items in the portal. You’ll then have a further 10 working days to do this, but don’t forget, a fully packaged case at day 1 will be reviewed by our processing team, so this will speed up our decision making.
Please note: Product Switch offers are valid for 7 days.
If you have any questions contact your Relationship Manager or call our Telephony BDM team