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.
Now Live: higher loan limits on residential owner occupied mortgages
We’ve increased the maximum loan amounts available for residential owner occupied mortgages. Giving your clients more borrowing power, especially at higher LTVs.
What has changed:
- Level 1 – Up to £1,000,000 at 95% LTV
- Level 2 – Up to £750,000 at 90% LTV
- Level 3 – Up to £600,000 at 75% LTV and £500,000 at 80% LTV
Why this matters:
- We’ve listened. As brokers, you asked us to increase these limits based on cases we couldn’t support before
- It provides you with more options for clients seeking that higher valued forever home or simply raising more from an existing property
- It works really well with our criteria for high earning self-employed using salary and share of net profit
