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 and reduced limited edition buy to let rates
We’re introducing new and reduced limited edition buy to let rates, along with reduced product switch rates, from tomorrow. We aim to give brokers as much notice as possible when we make changes to our product range, but due to the ongoing volatility in the market we want to make you aware that these rates may be withdrawn at short notice.
Here’s a breakdown of the changes that are coming
Buy to let – new business
Individuals and companies with single residential investment properties
Reduced 2 year fixed limited edition with a 3% fee 4.64%
New 2 year fixed limited edition with a 5% fee 3.64%
New 5 year fixed limited edition with a 3% fee 5.34%
Reduced 5 year fixed limited edition with a 5% fee 4.94%
Multi property residential investment property portfolios
Reduced 2 year fixed limited edition with a 3% fee 4.59%
New 2 year fixed limited edition with a 5% fee 3.59%
New 5 year fixed limited edition with a 3% fee 5.29%
Reduced 5 year fixed limited edition with a 5% fee 4.89%
HMO
Reduced 2 year fixed limited edition with a 3% fee 5.04%
New 2 year fixed limited edition with a 5% fee 4.04%
New 5 year fixed limited edition with a 3% fee 5.64%
Reduced 5 year fixed limited edition with a 5% fee 5.24%
Product switch rates
BTL Individual and company landlords with single residential investment properties
2 year variable for Specialist BTL single unit introduced (AMR less 2.10%, currently 6.28%)
BTL for HMO and multi-unit freehold
2 year variable for Specialist BTL HMO/MFU introduced (AMR less 1.50%, currently 6.88%)
30 day DIP guarantee
Don’t forget our Decisions in Principle (DIPs) are guaranteed for 30 days, which means:
- Rate security – if the DIP is converted to a full application within 30 days of submission
- 10 days to package – once submitted, you have 10 working days to fully package the case
- Underwriting – only fully packaged cases with all documentation will proceed to pre underwriting
You can find our full packaging requirements here, so you know exactly what documents we’ll need before you submit
From Wednesday, 20 May
You’ll find our new rates in our mortgage guides below