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.
Helping you to unlock more opportunities for your residential clients
We’ve made some exciting improvements to our residential mortgage range, and here are five reasons why Aldermore could be the perfect choice for your next client.
1. New limited edition rates
In addition to our 2 year limited edition rates, we’ve launched even more new limited edition residential mortgage products, expanding the choice available across both Level 1 and Level 2 and across multiple LTV tiers.
2. Improved loan to income (LTI) limits
We’ve increased our LTI and now offer up to 6 times the household income for eligible borrowers, for example:
1. Customers with £70k household income, could now access up to £35k in additional borrowing, if they have deposit of 20% or more.
2. Even those on lower incomes could benefit, a family with combined income of £45k could access a loan £20k higher than before even with just a 5% deposit.
3. Unlock more for contractors and self-employed
We’ve introduced new gross income affordability checks for CIS and zero-hour workers, making it easier to reflect true earnings.
Read more on how we’re backing Britain’s contractors.
4. Specialists to support you
Our team understand the complexities of residential owner-occupied lending and are dedicated to helping you unlock more choice and more opportunity for your clients, with decisions made on their individual merit.
5. More flexible lending to support your clients
We’ve increased maximum loan amounts to £1m at 95% LTV on Level 1, giving customers greater borrowing power.
In addition, we’ve extended our maximum age criteria, making it easier for more people to access the lending they need.
Whether it’s a first-time buyer with a small deposit, a self-employed client with complex income, or someone with past credit blips, we’re here to help you find a solution that fits.