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.
Change to our mortgage range – 24 October
Change to our residential mortgages lending criteria
We’re making changes to our residential owner occupied lending criteria from tomorrow,Tuesday 24 October 2023 at 6pm.
We’re always looking for ways to improve our proposition, so we’ll be withdrawing our level 2 products for a short time, so we can come back with a new and improved range soon.
Our standard level 1 product range is still available, offering mortgagesdesigned to meet the needs of your clients.
Whether they’re a first time buyer, self-employed or have experienced a credit blip in the past.We look at each application on its own merits and if there’s a way to make it happen, we’ll try to find it
Here’s how we could help your self employed clients
- We can consider the higher of share of net profit & salary or salary & dividend when assessing affordability
- If your client has 2 or more years figures, we can consider latest year if higher than average, as long as their accountant can confirm the income is sustainable
- If your client has less than 2 years accounts, we can consider lending to 85% LTV using salary & dividend
- We can consider capital raising for business purposes
If you have any questions, contact your relationship manager or call the team on 0333 321 1000.