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 and new 95% LTV products – Tuesday, 16 Jan
We’re reducing rates across our mortgage range, introducing new residential owner occupied 95% LTV rates and improving our additional borrowing maximum LTV on remortgages – helping more of your clients find a solution to their home ownership dreams.
Residential owner occupied
Reduced rates across our standard level 1 range and new 95% LTV rates. – Fixed rates from 6.59% up to 95% LTV.
We’re increasing our maximum LTVs to 90% LTV for new build houses and 85% LTV for new build flats.
We’re also increasing our maximum LTV for remortgages when capital raising for debt consolidation, business purposes and other non-property related purposes to 85% LTV.
Buy to let
We’re reducing rates across our buy to let range including HMOs and multi unit freehold products.
Our 5 year fixed with 7% fee will be reduced to 4.39% for individuals and companies and 4.29% for multi property with single residential investment properties up to 75% LTV.
Product switch
We’re reducing rates across our standard range, high LTV and buy to let range including HMOs and multi unit freehold products.
Reduced residential and product switch rates
Reduced residential rates and new 95% LTV products
On Tuesday 16 January, we reduced rates across our residential owner occupied mortgage range, introducing new 95% LTV rates and improving our additional borrowing maximum LTV on remortgages.
We’ve made these changes to provide options for your residential clients to support them in their home buying journey.
Residential owner occupied rates
- We reduced rates across our standard level 1 range and introduced new 95% LTV rates, with fixed rates from 6.59% up to 95% LTV.
- We increased our maximum LTVs to 90% LTV for new build houses and 85% LTV for new build flats.
- We also increased our maximum LTV for remortgages when capital raising for debt consolidation, business purposes and other non-property related purposes to 85% LTV.
- You’ll find all rates in our residential owner occupied mortgage guide.
Reduced product switch rates
At Aldermore we make switching simple. And we’ve just reduced rates across our Residential product switch range.
You’ll find all our reduced rates here, in our updated product switch guide.
If you’ve got a client who’s rate is coming to an end, and they’re looking to switch to a new deal, log in to our online broker portal. You could switch them in minutes, and you’ll recieve a 0.30% proc fee for every switch you complete.