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 0.50% to 6.23%
Aldermore Managed Rate Change
Following the 0.50% increase to the Bank of England Base Rate to 1.75%, we’re increasing the Aldermore Managed Rate (AMR)* from 5.73% to 6.23%.
The change to AMR means our term variable rate mortgages and all reversion rates on fixed rate mortgages will increase by 0.50% for:
New business, pipeline customers and product switches
From 10 August 2022 all new ESIS and mortgage offers (origination and product switch) will reflect the new AMR. This may impact affordability in some cases.
Existing customers
From 01 September 2022, all AMR linked 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.