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 making changes across our new business and product switch range
– from 5pm Tuesday, 16 December
We’re committed to giving you at least one full working days’ notice before we withdraw any products. So, we wanted to let you know that we’ll be withdrawing the following rates across our
new business and product switch ranges.
Buy to let and residential owner occupied – new business
Selected limited edition products will be withdrawn and replaced with core range equivalent products.
Our residential owner occupied 2 year fixed 90% LTV (zero fee) will increase by 0.05%.
Product Switch
We’re withdrawing our HMO and multi unit freehold 2 and 5 year fixed rates,
as these rates will be increasing.
The “Switch to fix” feature is also being removed from our discounted variable products.
Rates will be withdrawn from 5pm Tuesday, 16 December.
We’ll continue to accept DIPs submitted in the portal up to 5pm Tuesday, 16 December.
We’ll process pipeline applications as usual and if you’d like to secure a withdrawn product for your client, the latest you can submit a decision in principle (DIP) is 5pm Tuesday, 16 December.
New rates available from Wednesday, 17 December
We’re introducing new rates across our buy to let, residential owner occupied and
product switch range. Here’s a breakdown of the changes that are coming.
Buy to let new business
Reductions across our core range of 2 and 5 year fixed rates including 80% LTV products,
multi unit freehold and HMO/multi unit freehold multi property.
Our 5 year fixed 1.50% and £1,999 fee products will remain as limited editions
and may be withdrawn at short notice.
Residential owner occupied new business
Reductions to selected core range fixed rates for levels 1,2 & 3.
Our 2 year fixed 90% LTV (zero fee) will be increased by 0.05%.
Product switch
Residential owner occupied
► 2 year fixed rates reduced by up to 0.80%
► 5 year fixed rates reduced by up to 0.45%
BTL Individual and company landlords with single residential investment properties
► 2 year fixed rates reduced by up to 0.10%
► 5 year fixed rates reduced by up to 0.15%
Buy to let for HMO and multi unit freehold
► 2 year fixed rates increased by up to 0.20%
► 5 year fixed rates increased by up to 0.05%
You’ll find all our new rates in our mortgage guides from Wednesday, 17 December.