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.
Looking for a mortgage for your client with adverse credit?
We know a one-size-fits-all approach doesn’t always work, so we don’t take one.
We go out of our way to ensure that our range of products meets the needs of our customers, with minimal upfront costs.
That’s why we’ve listened to your valuable feedback and improved our residential lending criteria to help you find the right mortgage for your clients.
How we’re making more happen for your clients
Our aim has always been to find ways to say ‘yes’ and the changes we’ve made to our residential mortgage range are all focused on doing just this.
- Debt management plans considered, providing they’ve been satisfactorily maintained for 12 months or more
- Mortgages up to 95% LTV on level 2 for those with credit blips
We’ll consider your clients’ with CCJs & defaults
- Level 1 products: CCJs are no longer required to be satisfied if none recorded within the last 36 months
- Level 2 products: Defaults & CCJ – 0 recorded in last 18 months
- Level 3 products: Defaults & CCJ – 0 recorded in last 6 months
*This product will revert onto AMR-1.00% following the initial rate period for the remainder of the mortgage term.
Don’t forget!
- We’ll never leave a hard footprint on your client’s credit file at DIP stage
- You don’t need to input all your client’s adverse history into the system, saving you time
- We’ll automatically select the correct product for your clients**
**If the application is above 80% LTV and your DIP declines, edit the DIP and amend the LTV to 80% for all 3 levels.
We’re making changes to our fixed buy to let rates
It’s our commitment to you that we’ll give you at least one full working days notice
of any product withdrawal. That’s why we wanted to let you know that we’ve made the decision to reprice our fixed rates across our new business and product switch buy to let ranges.
All our buy to let rates will be withdrawn from 6pm Thursday, 6 June. We’ll continue to accept DIPs submitted in the portal up to 6pm Thursday, 6 June.
We’ll be launching our new buy to let range from Friday, 7 June.
Pipeline applications
We’ll process pipeline applications as usual and if you’d like to secure one of these products for your client, the latest you can submit a decision in principle (DIP) is 6pm Thursday, 6 June.
From Friday, 7 June
We’re re-launching our new range of fixed buy to let products. You’ll find all our new rates in our buy to let mortgage guide, and product switch guide, from Friday, 7 June.
