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 increasing proc fees and improving our application process
We’re always looking for ways to help support our intermediary partners and we understand that placing specialist cases can sometimes take a little more time.
That’s why we’ve decided to increase our proc fees by 0.10% from the 17 February 2022.
Proc fee rates will increase to 0.50%* for residential mortgages and
0.60%* for buy to let mortgages.
Brokers will receive the increased fee amount on all completed applications keyed
on or after the 17 February 2022.
*rates are quoted net of distribution partner uplift.
Change to our post-offer requirements for buy to let mortgages
To help us improve our process and save time, we no longer need a signed and returned offer of acceptance document for buy to let applications. This applies to all new and pipeline applications.
We’ve reduced our product switch rates…again!
We’ve lowered our product switch rates for individual and company landlords with single residential units who were originated via our commercial portal!
We’ve also matched some of our 2 and 5 year fixed rates. So if your existing Aldermore client is looking for the comfort and security of a 5 year fixed rate, they could fix in at the same rate as some of our current 2 year deals.
As long your client is up to date with their mortgage payments, they could access some of our lowest ever product switch rates.
Buy to let for individuals with single residential units
- 2 year fixed rates – reduced by up to 0.25% across 70% and 75% LTVs
- 5 year fixed rates – reduced by up to 0.65% across all LTV bands!
Buy to let for companies with single residential units
- 2 year fixed rates – reduced by up to 0.20% across 70% and 75% LTVs
- 5 year fixed rates – reduced by up to 0.60% across all LTV bands!
You can find our product switch rates, including all of our rate reductions here