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 products across our buy to let mortgage range
We’re withdrawing products across our buy to let mortgage range – from 6pm Monday, 11 July 2022
Products being withdrawn are:
Individual landlords with single residential properties
2 year fixed 1.50% fee
Company landlords with single residential properties
2 year fixed 1.50% fee
2 year fixed £1,999 fee
HMO and multi unit freeholds
2 year fixed 1.50% fee
2 year fixed £1,999 fee
Multi property – HMO and multi unit freeholds
2 year fixed 1.50% fee
Our 2 year fixed multi property rate for single residential properties will remain.
We’re making changes to help support our service delivery and we’ll be launching new rates soon.
Pipeline applications
We’ll process pipeline applications as usual and if you’d like to secure one of these products for your client, the latest you can submit a decision in principle (DIP) is 6pm Monday, 11 July 2022
Changes to our packaging process
We’ll only review applications that are fully packaged to our minimum standards.
Missing, incorrect or out of date documents will result in your cases expiring.
All cases must include:
- Signed application declaration form and Direct Debit mandate – residential / buy to let
- Latest 3 months payslip and P60
- 2 years HMRC SA302 with corresponding 2 years tax year overview (self employed)
- 2 years tax year overview (self employed)
- Portfolio schedule and business plan if the applicant has 4 or more BTL mortgaged properties
And we’ll also need the documents below, where applicable:
- Contractor’s proof of contract – 24 months previous to 12 months previous with 6 months remaining
- I/O signed declaration (residential only)
- Pension – latest 3 payslips or pension P60
- Benefits – latest award letter in the applicant’s name
- Maintenance – 6 months bank statement or copy of court order
- Debt management plan – 12 months evidence of satisfactory payment