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.
New residential owner occupied, buy to let and product switch mortgage rates – from Wednesday, 12 October 2022
New mortgage rates
We’re re-launching our mortgage range, introducing new rates for your first time buyers, home movers, self employed and landlord clients.
We’re also re-launching rates for existing Aldermore customers.
Buy to let mortgage range
- Buy to let for individual landlords with single residential investment properties
5 year fixed with 1.50% fee, 7.69% to 75% LTV - Buy to let for company landlords with single residential investment properties
5 year fixed with 1.50% fee, 7.69% to 75% LTV - Buy to let for multi property individuals and company landlords
with single residential investment properties
5 year fixed with zero fee, 7.89% to 75% LTV - Buy to let for HMO and multi unit freeholds
5 year fixed with 1.50% fee, 7.99% to 75% LTV
Residential owner occupied mortgage range
Residential owner occupied standard level 1 with £999 fee
- 2 year fixed 7.28% to 75% LTV
- 5 year fixed 7.48% to 75% LTV
- 2 year fixed 7.48% to 80% LTV
- 5 year fixed 7.68% to 80% LTV
Residential owner occupied high LTV with £999 fee
- 2 year fixed 7.84% to 85% LTV
- 5 year fixed 8.24% to 85% LTV
- 2 year fixed 8.88% to 90% LTV
- 5 year fixed 9.28% to 90% LTV
Fixed rates for existing homeowner and landlord customers
- Owner occupied standard and high LTV
2 and 5 year fixed rates up to 95% - Owner occupied Help to Buy equity loan scheme
2 and 5 year fixed up to 75% - Buy to let for individual landlords with single residential investment properties
2 year fixed rates up to 75% LTV - Buy to let for individual landlords with single residential investment properties
5 year fixed rates up to 85% LTV - Buy to let for company landlords with single residential investment properties
2 and 5 year fixed rates up to 85% LTV - Buy to let for HMO and multi unit freeholds
2 and 5 year fixed rates up to 80% LTV
Changes to our decision in principle time
We’ve changed our decision in principle time, reducing to 10 days. We’ve done this to ensure we continue to lend responsibly during these turbulent economic times.
Our DIP guarantee gives you the time to collect all the information we need before you start uploading to the portal. Once you fully submit your DIP you’ll continue to have a further 10 working days to meet our minimum packaging standards.
You’ll find below a list of our packaging for success standards, helping us to make quicker lending decisions for you and your clients.