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.
Reduced rates across our mortgage range
We’re relaunching our buy to let, residential owner occupied and product switch ranges with rate reductions from Friday 6 October, 2023
Buy to let
We’ve reduced rates across our buy to let range including HMOs and multi unit freehold products.
New limited edition 5 year fixed with 5% fee at 5.29% for individuals and companies and 5.19% for multi property with single residential investment properties up to 75% LTV.
Residential owner occupied
We’ve reduced rates across our standard level 1 range, with new products from 65% LTV.We’ve also reduced our standard level 2 and high LTV products.
Product switch
We’ve reduced rates across our standard range, high LTV and Help to Buy: equity loan.We’ve also reduced rates across our buy to let range including HMOs and multi unit freehold products.
Mortgage guides
We’ve reduced our product switch rates
We’ve reduced our rates across Residential and buy to let product switch ranges, including HMOs and multi unit freehold products.
You can find all our product switch rates here.
New buy to let mortgage rates
On Friday 6 October, we relaunched our buy to let mortgages with reduced rates, new fee options and limited edition rates. Our aim is to provide you with lending options that supports your client’s needs, whether they’re an individual or company landlord, you can trust us to help you find a solution.
Our buy to let mortgage range up to 75% LTV:
Multi property product for individual & company landlords with residentialinvestment properties► New 5 year fixed 4.99% with 7% fee► New Limited edition 5 year fixed 5.19% with 5% fee
Individual & company landlords with single residential investment properties► New Limited edition 5 year fixed 5.29% with 5% fee► New 2 year fixed 5.64% with 3% fee for properties with EPC A, B or C
You’ll find all rates in our buy to let mortgage guide
New residential mortgage rates from Friday 6 October
We made changes to our residential owner occupied mortgages last week, reducing rates across our range and introducing new products.
Our mortgages are designed to meet the needs of your clients’, whether they’re a first fime buyer, self employed or have experienced a credit blip in the past. We look at each application on its own merits and if there’s a way to make it happen, we’ll try to find it.
All our residential mortgages come with a free valuation and we’ll lend up to a maximum of90% LTV across our residential mortgage range.
We’re here for your self employed clients
- We can consider the higher of share of net profit & salary or salary & dividend when assessing affordability
- If your client has 2 or more years figures, we can consider latest year if higher than average, as long as their accountant can confirm the income is sustainable
- If your client has less than 2 years accounts, we can consider lending to 85% LTV using salary & dividend
- We can consider capital raising for business purposes
How we support your clients with less than perfect credit
- We’ll consider your clients’ with CCJs & defaults as long as they were recorded over 12 months ago
- We allow up to a maximum of 2 missed loan payments in the past 2 years, as long as none have been missed during the last 3 months.
- We can consider clients on debt management plans, providing they’ve been satisfactorily maintained for 12 months or more
- For clients with more significant credit blips, we still may be able to help, with level 2 mortgages up to 80% LTV