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.
Important update: Changes to our Mortgage Rates
We’re making changes to our Residential Owner Occupied new business and Product Switch range – from 5pm Thursday, 1st October
Due to ongoing market volatility, we’re making changes to rates across our new business and product switch Residential Owner Occupied 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giving you advance notice that current rates across our Residential Owner Occupied and Product Switch ranges will be withdrawn at 5pm on Thursday, 1st October.
Increased rates will be available from Friday, 2nd 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 To secure a withdrawn product for your client, a DIP must be submitted by 5pm on Thursday, 1st October.
See our new enhancements to support your residential clients
Our enhanced residential lending proposition is now live
We’ve made significant improvements to our residential proposition, giving you more opportunities to place cases with confidence and help more customers achieve homeownership.
Here’s what’s new:
- Up to 98% LTV*: opening the door for more customers to get onto the property ladder.
- New five tier lending approach is now live: giving you greater flexibility to support a wider range of residential mortgage customers.
- Enhanced criteria: Looking beyond the salary alone for self employed and contractor clients
*98% LTV for employed applicants only
These new changes help you place a broader range of cases with confidence. Take a closer look at the changes and explore solutions available for your resi clients.
