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.
Limited edition buy to let product withdrawal
We’re withdrawing our limited edition buy to let product – from 6pm Thursday, 6 July
We’ve made the decision to withdraw our limited edition 5 year fixed buy to let rate.This product will be withdrawn from 6pm on Thursday, 6 July.
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 on Thursday, 6 July.
We understand this can cause our intermediary partners stressful deadlines to lock in rates, criteria and stress tests for your clients and we’re pleased to let you know that you’ll have until6pm Thursday to submit a decision in principle – NOT an application.
Your decision in principle will lock in the rate, stress test and criteria giving you a further 10 days to package your case and get it right first time to convert your DIP.
We’ve recently amended our packaging list and you’ll find all the requirements here, which may be different to what you’re presented with in the portal. Getting your case packaged right first time will help our packaging team to check and push into underwriting.
See our packaging guide for more information.
We’ll honour any DIPs that refer before 6pm Thursday which are later converted to accept.