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.
Aldermore Managed Rate increased by 0.25% to 9.73%
Following the 0.25% increase to the Bank of England Base Rate on 3 August, 2023, we’re increasing the Aldermore Managed Rate (AMR)* from 9.48% to 9.73%.
The change in AMR means our discounted variable, term variable rate mortgages and all reversion rates on fixed rate mortgages will increase by 0.25% for:
New and pipeline cases – for new business and product switchFrom 08 August 2023, all new illustrations and mortgage offers (origination and product switch) will reflect the new AMR. This will impact affordability in some cases.
Existing customersFrom 01 September 2023 all AMR linked variable rate accounts will be updated. We’re writing to all impacted customers to let them know their new interest rate and monthly payments.
*AMR is Aldermore’s standard variable rate for residential and buy to let mortgages.
Please note: We’ve updated our mortgage guides. You’ll find them here.
If you have any questions, contact your BDM or call 0333 321 1000.
NEW LIMITED EDITION – buy to let rates
We’re introducing new limited edition buy to let mortgage rates. Helping you to find the right mortgage for your clients.
Limited Edition – Buy to let
Buy to let for individual landlords with single residential investment properties► 5 year fixed with 5.00% fee, 5.89% to 75% LTV
Buy to let for company landlords with single residential investment properties► 5 year fixed with 5.00% fee, 5.89% to 75% LTVBuy to let multi property product for individual and company landlords with residential investment properties► 5 year fixed with 5.00% fee, 5.89% to 75% LTV