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.
We’re withdrawing our 2 and 5 year fixed mortgage products – from 6pm Monday, 10 July
We’ve made the decision to withdraw our 2 and 5 year fixed buy to let, residential owner occupied and product switch rates due to the changes in the SWAP rates and the volatility in the market.
These rates will be withdrawn from 6pm on Monday, 10 July.
All variable rates with switch to fix options remain available.
We’ll be in touch soon with information on our new rates.
Pipeline applications
We’ll process pipeline applications as usual and if you’d like to secure one of our products for your client, the latest you can submit a decision in principle (DIP) is 6pm on Monday, 10 July.
We understand this can cause our intermediary partners stressful deadlines to lock in rates, criteria and stress tests for your clients and we’re pleased to let you know that you’ll have until 6pm Monday to submit a decision in principle – NOT an application.
Your decision in principle will lock in the rate, stress test and criteria giving you a further 10 days to package your case and get it right first time to convert your DIP.
We’ve recently amended our packaging list and you’ll find all the requirements, which may be different to what you’re presented with in the portal. Getting your case packaged right first time will help our packaging team to check and push into underwriting.
See our packaging guide for more information.
We’ll honour any DIPs that refer before 6pm Monday which are later converted to accept.
If you have any questions contact your Relationship Manager or call our Telephony BDM team