Brilliant Solutions

Aldermore Product Update

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. 

We’re making changes to our mortgage range

We’ve seen a lot of interest in our 90% LTV product since launching it earlier this week. Supporting this area of the market, and in particular first time buyers, is really important to us. We still need to balance this with maintaining new and pipeline service levels, as well as focusing on our existing customers.

We continue to offer our 85% LTV product but we’ll be withdrawing the 90% LTV product range tomorrow, Friday 06 November, as follows:

High LTV – 90% purchase and remortgage (£999 product fee)
•  2 year fixed rate at 5.18%
5 year fixed rate at 5.38%
We’ll process any pipeline applications as usual. If you want to secure one of these products for your client, the latest you can submit to us for a decision in principle (DIP) is 6pm on Friday 06 November. 

DIPs will remain valid for 14 days and you’ll need to submit a full application for a DIP “accept” within this time period. If you need to resubmit a DIP, you’ll need to select a new product from the range that’s available at the time of submission. 

We’re getting in touch to let you about the changes we’ve made to our residential mortgage range effective from today, 03 November 2020. 

We’re pleased to confirm that we’ve launched the following new products:

High LTV – 90% purchase and remortgage (£999 product fee)

•  2 year fixed rate at 5.18%
•  5 year fixed rate at 5.38%

Reverting to 5.08% (AMR + 0.50%)

For full details of our current range, please see our residential mortgage guide.

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