Latest Updates
See below for our recent intermediary updates. See our current turnaround times here.
w Smarter switching is live – 18 February 2021 | |
Great news! We've improved our residential broker portal. It's now quicker and easier for you to product switch your existing owner occupied and individual buy to let clients. We've made a quick step by step video to help guide you through the process. Find out more on our dedicated Smarter switching page. Ready to switch? Log in to the broker portal to start switching. Or contact the Product Switch team on 01625 469 730*, alternatively email product.switch@aldermore.co.uk. |
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wLIBOR change – 17 February 2021 | |
Following our 3 month review LIBOR has been set at 0.10% (increased by 0.05%). We will write to all existing customers impacted to confirm their new interest rate and monthly payment amount. The next LIBOR review will take place on 15 May 2021. |
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wResidential portal updates - 12 February 2021 | |
We’re making some important changes to our residential portal, so it won’t be available this weekend between 6pm on Friday 12 February and 10pm on Sunday 14 February. We apologise for any inconvenience this may cause. |
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wResidential portal update - 5 February 2021 | |
We’re making some important changes to our residential portal, so it won’t be available this weekend between 10pm on Friday 5 February and 10pm on Sunday 7 February. We apologise for any inconvenience this may cause. |
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wWe’ve changed our pre-FMA application process - 2 February 2021 | |
We’ve made some changes to our residential and commercial mortgage application process. We’ve created a short video to help explain the changes in detail and updated our submission guidelines for residential and buy to let applications. |
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wWe’ve made changes to our Buy to let mortgage range – 19 January 2021 | |
We're pleased to let you know about the changes we've made to our buy to let mortgage range effective from today. Launch of 2 year fixed products to 75% LTV - purchase and remortgage (1.50% product fee)* Single residential investment properties
Multi property applications for single residential investment properties
Reverting to 4.58 % (AMR + 0.00%) at 70% LTV Reverting to 5.08% (AMR + 0.50%) at 75% LTV We are also pleased to announce the return of capital raising for further property purchase up to 70% LTV. Our standard packaging requirements for buy to let business can be found here. To help speed up your application, be sure to upload the required documents immediately at Pre FMA stage, as failure to do so will result in the case expiring in 7 working days. *Fee can be added to the loan. For more information on our full buy to let range click here . We’ve also updated our broker Q&As here. |
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wNew LIBOR alternative reference rates live – 14 December 2020 | |
We're to let you know that effective from 14 December, we've relaunched our commercial and buy to let ranges with new alternative reference rates as follows: Commercial mortgages - Bank of England Base Rate (BBR) Buy to let mortgages - Aldermore managed rate (AMR) For full details of our current range, please see our updated guides
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wRelaunch of Help to Buy: equity loan scheme – 14 December 2020 | |
We've relaunched our Help to Buy: equity loan scheme, helping your first time buyers get on the property ladder effective today 14 December. We're committed to supporting you and your clients and this range has been reintroduced to coincide with the recent government scheme changes. We're pleased to confirm that we've launched the following new products: Help to Buy: equity loan - 75% purchase only (£999 product fee)
Reverting to 4.58% (AMR + 0.00%) For full details of our current range, please see our residential mortgage guide. |
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wPortal availability - 14 December 2020 | |
We’re making important updates to our systems, so please don’t try to access the portals at the moment. We’re sorry about this and we should be back up and running soon. |
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wImportant LIBOR linked product update – 11 December 2020 | |
With effect from Monday 14 December we'll be relaunching our commercial and buy to let mortgage ranges. You'll notice that LIBOR is being replaced by two new alternative reference rates.
Pipeline cases: |
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wOur festive opening hours 2020 | |
We wanted to share our opening times over the festive break. We’ve given all colleagues an extra day off to thank them for their hard work this year, so we won’t be open on Christmas Eve.
Wishing you all a well-deserved festive break. Thank you for your support this year and we look forward to working with you in 2021. |
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wChanges to our valuations policy - 1 December 2020 | |
As of 1 December 2020, we’ve made some changes to our valuations policy. Our minimum leasehold remaining term is increasing from 60 years to 85 years at application. In addition, we have updated our policy to include the acceptance of properties built using modern methods of construction, provided the property has BOPAS approval and either NHBC or BLP warranties. We want to make it easy for brokers and customers to do business with us and making these changes will help to improve our approach in assessing the suitability of security for mortgage purposes. |
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wWe’ve reintroduced 90% LTV to our residential mortgage range today – 1 December 2020 | |
We're pleased to let you know about the changes we've made to our residential mortgage range effective from today, Tuesday 1 December 2020. Following last month's successful 90% LTV trial, we've now reintroduced this product back into market. High LTV - 90% purchase and remortgage (£999 product fee)*
Reverting to 5.08% (AMR + 0.50%) See our updated residential mortgage guide for full details on our range. *Fee can be added to the loan |
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wLIBOR change – 17 November 2020 | |
Following our 3 month review LIBOR has been set at 0.05% (decreased from 0.10%). This means that LIBOR linked rates on our commercial mortgage range, which includes term variable rates and reversion rates on fixed products, and on our buy to let range, for companies, multi-unit freehold and HMO properties, have been decreased by 0.05%. We will write to all existing customers impacted to confirm their new interest rate and monthly payment amount. The next LIBOR review will take place on 15 February 2021. Please see our buy to let mortgages guide and our Commercial Mortgages Product Guide for more details on our current rates. |
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wResidential mortgage update: 90% LTV purchase and remortgage withdrawal- 06 Nov 2020 | |
We've seen a lot of interest in our 90% LTV product since launching it earlier this week. Supporting this area of the market, and in particular first time buyers, is really important to us. We still need to balance this with maintaining new and pipeline service levels, as well as focusing on our existing customers.We continue to offer our 85% LTV product but we'll be withdrawing the 90% LTV product range as follows: 2 year fixed rate at 5.18% 5 year fixed rate at 5.38% We’ll still process any pipeline applications as usual. If you want to secure one of these products for your client, the latest you can submit to us for a decision in principle (DIP) is 6pm tonight. DIPs will remain valid for 14 days and you'll need to submit a full application for a DIP "accept" within this time period. If you need to resubmit a DIP, you'll need to select a new product from the range that's available at the time of submission. |
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wChanges to our residential mortgage range – 03 November 2020 | |
We've made some changes to our residential mortgage range effective from today, 03 November 2020. We're pleased to confirm that we've launched the following new products: High LTV - 90% purchase and remortgage (£999 product fee) 2 year fixed rate at 5.18% 5 year fixed rate at 5.38% Reverting to 5.08% (AMR + 0.50%) |
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wWe’ve made changes to our mortgage range – 30 September 2020 | |
We wanted to let you know about the changes we've made to our residential mortgage range effective from today. Here's a summary of the changes: Standard mortgage range level 1 purchase and remortgage (£999 product fee):
Reverting to 4.58% (AMR + 0.00%) High LTV mortgage range level 1 purchase and remortgage (£999 product fee): Reverting to 5.08% (AMR + 0.50%) For more details on our full range, see our updated mortgage guides. |
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wWe’re making changes to our owner occupied and buy to let mortgages – 29 September 2020 | |
Over the last few months, we’ve been focusing on helping our most in need customers and supporting our brokers. As the market shows signs of recovery, we're now seeing increased demand for new mortgage business. We’ve taken the decision to make some changes to our residential and buy to let mortgages so that we can manage new business through in the best way. The following products will no longer be available from today, Tuesday 29 September at 6pm: Residential owner occupied:
Buy to let:
We’ll still process any pipeline applications as usual. If you want to secure one of these products for your client, the latest you can submit to us for a decision in principle (DIP) is Tuesday 29 September at 6pm. DIPs will remain valid for 14 days and you'll need to submit a full application for a DIP "accept" within this time period. If you need to resubmit a DIP, you'll need to select a new product from the range that's available at the time of submission. We continue to support our individual and company buy to let landlords by offering 5 year fixed rate products up to 75% LTV with a 1.5% fee. We'll be launch our new standard level 1 and high LTV range on Wednesday 30 September. Our mortgage guides will be updated with the changes on 30 September. |
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wLIBOR rate change – 18 August 2020 | |
Following our 3 month review LIBOR has been set at 0.10% (decreased from 0.30%). This means that LIBOR linked rates on our commercial mortgage range, which includes term variable rates and reversion rates on fixed products, and on our buy to let range, for companies, multi-unit freehold and HMO properties, have been decreased by 0.20%. We will write to all existing customers impacted to confirm their new interest rate and monthly payment amount. The next LIBOR review will take place on 15 November 2020.
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wChanges to our buy to let mortgage range – 18 August 2020 | |
We’ve taken the decision to streamline our mortgage range so we can continue to process new applications and support our existing customers. We continue to support our individual and company buy to let landlords by offering 2 and 5 year fixed rate products up to 75% LTV with a 1.5% fee. See our updated buy to let mortgage guide for our current range. |
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wService level update – working together – 2 July 2020 | |
It’s still a challenging time for all of us but the good news is that the mortgage market is starting to show signs of recovery. Over the last few months we’ve been focusing on helping our most in need customers. Now that we’re seeing more of a demand for new business across our mortgage range, it’s having an impact on the service that we’re able to offer you right now. To help make the application process run smoothly for residential and buy to let mortgages, we've provided some guidance below. Packaging a case To speed up our ability to issue a mortgage offer to your client, you’ll need to upload all required documentation straightaway so the underwriter can review this as part of the application assessment. If there are outstanding checklist items, this is likely to result in further delay and it is essential that you supply these prior to the valuation report date. Specialist buy to let applications submitted through the Commercial portal will not be passed to an underwriter unless they meet all of our submission requirements. Applications We’re assessing applications and all other documentation within 8 working days if we have everything we need from you. You can check the status of your case in the broker portal at any time. Valuations Physical valuations have now re-commenced across England, Scotland and Wales where they meet the strict safety requirements. It’s taking longer than normal to get hold of your client or agent to book in a valuation. As soon as the valuation assessment is back, we’ll be touch with you to discuss the outcome of the report. Getting in touch Our broker enquiry line is really busy with wait times up to an hour. If you are able to avoid our busiest periods between 12pm and 2pm and after 5pm daily, you shouldn't need to wait as long. You can also email us at mortgage.sales@aldermore.co.uk and we'll get back to you within 24 hours. For more information please read our Broker Q&As. |
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wChanges to our commercial portal – 8 June 2020 | |
We wanted to share some of the latest improvements we've made to our commercial portal. For the types of business you can submit via our commercial portal view our buy to let and commercial guides.
If you have any further questions, please get in touch with your local contact who’d be happy to help. |
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wPhysical property valuation updates – 21 May 2020 | |
Following Government instruction in March, all physical mortgage valuations were put on hold. Now with updated Government guidance, we’re able to resume physical mortgage valuations for properties where social distancing can be maintained. Physical mortgage valuations in England can now be booked for residential properties which meet the safety requirements. The safety of surveyors and occupants must be maintained at all times and there are clear guidelines on how to carry out safe valuations. If these safety standards are not met, the valuation will be stopped and cancelled. Customers will not be refunded if the valuer has started their inspection.
Surveyor requirements: Upon arrival, the surveyor will need to complete a number of checks to ensure social distancing can be maintained before they go ahead with the valuation.
Unacceptable properties:
For more information on these mortgage valuation changes, please click here This applies to only England at the moment, we'll update you on any changes to valuations in Scotland and Wales when we have more information. However in the meantime, desktop valuations will continue to be undertaken in these areas where criteria is met, for full details see our broker Q&A's. |
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wLIBOR rate change – 18 May 2020 | |
Following our 3 month review LIBOR has been re set at 0.30% (decreased from 0.80%). This means that LIBOR linked rates on our commercial mortgage range, which includes term variable rates and reversion rates on fixed products, and on our buy to let range for companies, have been decreased by 0.50%. We will write to all existing customers impacted to confirm their new interest rate and monthly payment amount. The next LIBOR review will take place on 15 August 2020. Please see our Buy-to-Let Mortgages Product Guide and our Commercial Mortgages Product Guide for more details on our current rates. |
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wChanges to the Aldermore Managed Rate (AMR) – 1 May 2020 | |
In response to the Bank of England base rate changes on 11 and 19 March 2020, we’ve decreased the Aldermore Managed Rate (AMR) by 0.65% from 5.23% to 4.58% effective from 1 May 2020. |
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wWe’ve made changes to our residential mortgage range – 3 April 2020 | |
Following the recent changes to our valuation process, we’ve made the decision to streamline our mortgage range from today, Friday 3 April, 2020. Here’s a summary of our new residential mortgage range: Standard mortgage range Level 1:
High LTV mortgage range Level 1
For more information on our full range view our residential and buy to let mortgages guides. |
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wWe're making changes to our residential and buy to let mortgage range – 2 April 2020 | |
We're making changes to our residential and buy to let mortgages from tomorrow, Friday 03 April. Following the recent changes made to our valuation process, we’ve taken the decision to streamline our mortgage range so we can continue to process new applications and support our existing customers. The following product lines will no longer be available from Friday 03 April: Residential
Buy to let
We’ll still process any pipeline applications as usual and our deadline for new applications is 6pm today, Thursday 02 April. In addition to the changes above, we will temporarily cease accepting both residential and buy to let applications which include capital raising. Any new or existing DIPs not converted to FMA by 6pm this evening will be underwritten under the updated policy. Our mortgage guides will be updated with the changes on Friday 03 April. |
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wMortgage Valuation Process – COVID-19 - 2 April 2020 | |
Following government announcements on 23 March physical mortgage valuations have now been placed on hold. Surveyors will no longer visit properties to complete mortgage valuations. So we’re replacing physical valuations with remote valuations to help support our customer applications.
Eligibility criteria - remote valuations will be requested on applications that meet the following criteria:
Exclusions - remote valuations will not be requested on the below applications:
New applications Applications submitted that meet our criteria will be eligible for a remote valuation. When an application has been submitted we’ll assess and if it meets our criteria we’ll undertake a remote valuation. If an application is submitted doesn’t meet criteria we’ll let you know and the valuation will be placed on hold. Pipeline applications Applications already submitted and awaiting a valuation will be reviewed to identify those eligible. If the application meets criteria then a remote valuation will be completed. If the application doesn’t meet criteria then the valuation will be placed on hold. |
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wChanges to the Aldermore Managed Rate (AMR) – 27 March 2020 | |
In response to the Bank of England base rate changes on 11 and 19 March 2020, we’re decreasing the Aldermore Managed Rate (AMR) by 0.65% from 5.23% to 4.58%. We’ll be contacting all impacted customers to let them know how this affects their future mortgage payments. We’ll also let our broker network know about these changes. |
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wBank of England base rate change announcement – 19 March 2020 | |
The Bank of England has made the decision to further decrease the base rate from 0.25% to 0.10%. Following this announcement, we’re reviewing our variable rate mortgages and savings products. Once we’ve made a decision, we’ll update customers and intermediaries on any changes. |
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wBank of England base rate change announcement – 11 March 2020 | |
We’re reviewing our variable rate mortgages and savings products following the Bank of England’s decision to decrease base rate from 0.75% to 0.25%. Once a decision has been made, we’ll update customers on any changes. |
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wOur buy to let product switch rates have been reduced - 14 February 2020 | |
We’ve changed our rates for buy to let at 80% LTV:
View our Product Switch guide for our full range of rates for existing customers. |
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wNew 5 year buy to let fixed rate product - 7 November 2019 | |
With effective from 7 November, we’ve introduced a new 5 year fixed remortgage product for your individual and company clients with single residential investment properties. Up to 75% loan to value (LTV), 3.68% with a £1,999 product fee. Plus, there’s no valuation or funds transfer fees and assisted legal fees are available. |
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wWe've made changes to our buy to let mortgage range for companies – 23 September 2019 | |
We've reduced our rates on our Company BTL remortgage and Company Multi Property purchase and remortgage products, giving your clients even better value if they're looking to expand their portfolio.
No product, valuation or funds transfer fee Company BTL Multi Property purchase and remortgage - reduced by 0.3%:
No product, valuation or funds transfer fee for remortgage applications No product fee for purchase applications. Valuation fees will apply You can view our latest rates here |
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wChanges to our HLTV mortgage rates - 12 Sept 2019 | |
We’ve made some changes to our high loan to value rates today. Our new rates are:
As a reminder here’s some of the great reasons to use us for your mortgage clients:
Take a look at our Residential product guide to see our full range. You can use our Residential affordability calculator to check how much your client could borrow with us. |
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wLIBOR has decreased from 0.85% to 0.80% - 16 August 2019 | |
Following a 3 month review LIBOR has been set at 0.80% (decreased from 0.85%). This means LIBOR linked rates (Term Variable rates and reversion rates on Fixed products) on our Commercial Mortgage range and on our Buy-to-Let Mortgages (for companies and multi-unit freehold/HMO properties) have been decreased by 0.05%. |
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wLIBOR has decreased from 0.90% to 0.85% - 16 May 2019 | |
Following our 3 month review LIBOR has been set at 0.85% (decreased from 0.90%). This means LIBOR linked rates (Term Variable rates and reversion rates on Fixed products) on our Commercial Mortgage range and on our Buy-to-Let Mortgages (for companies and multi-unit freehold/HMO properties) have been decreased by 0.05%.
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wVAT Loans for Development Finance Customers - 9 August 2019 | |
When it comes to purchasing land and property for development we know how important cash flow is to your clients. That’s why, as part of our drive to continually support SME housebuilders and developers, we’ve launched VAT Loans – reducing the day one cash flow burden for eligible customers taking out a new Aldermore Development Finance facility.
Speak to a member of our Property Development team for further details. Eligibility criteria and terms apply. |
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wChanges to BTL Minimum Energy Efficiency Standards – 24 June 2019 | |
We're changing our policy on Minimum Energy Efficiency Standards We wanted to let you know that from today Monday 24th June 2019, we have made some important changes to our policy relating to energy efficiency rules for new tenancies on buy to let properties in England and Wales. In 2018 Minimum Energy Efficiency Standards (MEES) were introduced which made it unlawful to agree new tenancies on properties which do not meet the prescribed energy efficiency ratings. All residential BTL securities will need to have an Energy Performance Certificate (EPC) of E or higher, unless a valid exemption applies. We will now retain £2,000 for each buy to let property that falls into any of the below categories;
The retained amount of £2,000 will be held for a period of 6 months for existing customers, until the borrower provides a valid EPC or exemption certificate. If your client provides the EPC certificate at the pre-offer/application stage no money will be retained at completion. Exemptions may include listed buildings and generally older properties. Our Buy-to-let submission guide and Full Lending Criteria have been updated today to reflect the changes. These will help you make sure you have everything needed when submitting your client’s application with us. If you need help with a specific case get in touch with your BDM. |
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wVAT Loans for Commercial Property - 12 June 2019 | |
When it comes to purchasing commercial property we know how important cash flow is. That’s why, as part of our drive to continually support SMEs, we offer VAT Loans for commercial property – reducing the day one cash flow burden for customers taking out a new Aldermore Commercial Mortgage.
Speak to a member of our Commercial Mortgage team for further details. Eligibility criteria and terms apply. |
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wWebsite and broker portal browser compatibility – 28 May 2019 | |
For the best experience on our website and portal please make sure you are using the latest version of your internet browser. Please note our website isn’t compatible with Internet Explorer 7. |
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wWe’ve relaxed some of our lending criteria and updated our products - Wednesday 24 April 2019 | |
Big changes: our residential range update
...on a wider range of properties
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wWe’ve introduced assisted legal fees for company buy-to-let landlords – Monday 15 April 2019 | |
We've made it easier for your clients to re-mortgage with some new enhancements to our conveyancing for company landlords:
*Guarantors will be required to have Independent Legal Advice before signing a personal guarantee, which can be obtained for a fee of £200 (for each guarantor) either via video call or face to face in person where the guarantor(s) are directors or shareholders of the Company and choose to be represented by Aldermore’s nominated conveyancer. ILA will be provided by a different Solicitor within Aldermore’s nominated conveyancer and will be subject to there being no conflict of interest. Residential owner-occupied and Buy-to-let for Individual landlords
For more information, please view our Buy-to-let and residential legal fee scales or get in touch with your Relationship Manager today. |
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wNew Company Buy-to-Let products now available - Monday 25 March 2019 | |
With effect from today (25.03.19), we've launched some new Buy-to-let products for company landlords with single residential units: Remortgage only
Multi Property Purchase and Remortgage
For remortgage applications, no product, valuation or fund transfer fees. For further information view our Buy-to-let product guide. |
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wBuy-to-let mortgage range withdrawal - Thursday 21 March 2019 | |
As part of our commitment to the intermediary market we aim to provide you with as much notice as we can about product withdrawals. We will be withdrawing the following Buy-to-let products for company landlords with single residential units:
Multi Property Purchase and Remortgage
To secure one of these rates for your clients, please ensure that you have submitted a Decision In Principle (DIP) by 6pm on Friday 22 March.
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wBuy-to-let Multi Property products now available – 1 March 2019 | |
With Buy-to-let remortgage up 25% year on year (December 2018*) we want to help support more of your landlord clients with their portfolio needs. We offer a discount for landlords bringing multiple applications at the same time or existing customers bringing subsequent applications to us. New Buy-to-let Multi Property products now available: Individual Landlords with single residential investment properties: 5 year fixed rate, up to 75% LTV from 3.78% 5 year fixed rate, up to 80% LTV from 4.38% For purchase applications no product fee. Valuation and legal fees apply For remortgage applications (fee free) no product, valuation, legal or fund transfer fees Applications from clients trading as individuals must be submitted through our Residential Mortgage Broker portal with reversion rates linked to AMR. Company Landlords with single residential investment properties: 5 year fixed rate, up to 75% LTV from 3.78% 5 year fixed rate, up to 80% LTV from 4.38% For purchase applications, no product fee. Valuation fees apply For remortgage applications, no product, valuation or fund transfer fees Company landlord applicants will be responsible for the total legal cost required to undertake the mortgage transaction. Applications from clients trading under a company structure must be submitted through our Commercial Mortgage Broker portal with reversion rates linked to LIBOR. *Figures sourced from UK Finance. |
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wBuy-to-let mortgage range withdrawal – Wednesday 27 February 2019 | |
We will be withdrawing the following Buy-to-let products:
Multi Property Purchase
For Companies:
Multi Property Purchase
To secure one of these rates for your clients, please ensure that you have submitted a Decision In Principle (DIP) by 23.59pm on Thursday 28 February. |
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wIntroducing Free Valuations, up to 95% LTV - 12 February 2019 | |
For a limited time only we’re offering Free Standard Valuations across our Purchase Only, no product fee products. We’ve also made some changes to our Standard Mortgage Range Level 1 pricing:
View our Residential Product Guide for more information |
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wNEW Level 2 and Level 3 Remortgage products - 18 December 2018 | |
Specialist mortgages that give credit, where credit's due At Aldermore we recognise that things can happen with your client's credit rating and if they already have a mortgage this can cause them problems when their deal period ends. That's why our Residential Mortgage range has extended tiered credit criteria and rates available up to 80% LTV for applicants who need a little more flexibility.
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wResidential Standard Mortgage Range Level 1 Withdrawal - 14 December 2018 | |
At Aldermore we always aim to give you as much notice as we can about product withdrawals. We will be withdrawing the following Standard mortgage range level 1 products:
To secure this rate for your client, please ensure that you have submitted a Decision In Principle (DIP) by 23.59pm on Monday 17 December. |
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wTiered pricing now available across Help to Buy: equity loan mortgage range - 10 December 2018 | |
We understand getting on the property ladder for the first time isn't always easy and raising a deposit is still one of the biggest challenges facing your first time buyer clients, add in a complex financial history or a less than perfect credit score and home ownership can feel really out of reach. That's why we take the time to understand your clients' situation and do everything we can to support them. From today, we're introducing Level 2 and 3 credit criteria across our Help to Buy: equity loan mortgage range, giving you more assurance regardless of how complex your clients' financial history. With rates from 4.78% up to 75% LTV on Level 2 and 5.28% up to 75% LTV on Level 3, all with free standard valuations. We can also offer:
For more information and full details of our new range, please view our updated product guides and lending criteria. Help to Buy: Equity Loan is only available in England. |
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wResidential and Buy-to-Let Submission Guidance Update – 22 November 2018 | |
We’re always looking at ways to improve the way we work with you. We’ve listened to your feedback and want to ensure our packaging is clear, simple and straightforward. That’s why we've updated our Residential and Buy-to-Let Submission Guidance to help you get your client’s case underwritten as quickly as possible. The guides contain 4 four simple steps, including the evidence required to submit the application and help us get an offer to your client. The four steps include,
We wanted to clarify this process to help speed up the production of your clients offer. To view our updated Buy-to-Let Submission Guidance please click on the links below: |
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wLIBOR has increased from 0.85% to 0.90% - 16 November 2018 | |
Following our 3 month review LIBOR has been set at 0.90% (increased from 0.85%). This means our London Interbank Offered Rate (LIBOR) linked rates (Term Variable rates and reversion rates on Fixed products) on our Commercial Mortgage range and on our Buy-to-Let Mortgages (for companies and multi-unit freehold/HMO properties) have been increased by 0.05%. We will write to all existing customers impacted to confirm their new interest rate and monthly payment amount. The next LIBOR review will take place on 15 February 2019. Please see our Buy-to-Let Mortgages Product Guide and our Commercial Mortgages Product Guide for more details on our current rates, or log in below to submit business. |
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wReduced rates and updated criteria for landlord clients looking to remortgage - 8 November 2018 | |
Buy-to-let mortgages that just got more special
No product, valuation or legal fees
No product or valuation fees
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w2 year fixed rate 95% LTV purchase only reduced to 4.58% - 30 October 2018 | |
With 35,000 new first time buyers completing in August, up 12.6% on July we want to support even more to take their first steps onto the property ladder, and with “raising a deposit” still the biggest challenge facing them we’re making our 95% LTV mortgages even more affordable. 2 year fixed rate 95% LTV purchase only reduced from 4.78% to 4.58% Don’t forget we also lend on new build houses and flats up to 95% LTV and we continue to manually underwrite every case, ideal for those with complex financial histories. For full details, please see our updated product guide |
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wResidential and Buy-to-Let proposition updated – 15 October 2018 | |
We've made some improvements to proposition to ensure your clients get the mortgage they need, when they need it. Whether your client is a first time buyer with little or no deposit or a landlord looking to invest in a new property or remortgage an existing one, we can support their individual aspirations. As of today (15/10/2018) we've made the following changes to our criteria: Residential
Buy-to-Let
For full details of all the criteria changes, please see our updated product guides and lending criteria. |
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wResidential mortgage range refresh - 3 September 2018 | |
As of today, (03/09/2018), we can offer reduced rates across our High LTV products, plus a range of fee options to suit your clients' circumstances: £999 Product Fee
£0 Product Fee
£0 Product Fee (plus free legals, and free valuation)
For clients who have experienced recent credit blips and historic adverse we've reduced rates across our Standard Range Levels 2 and 3: £999 Product Fee
£0 Product Fee (plus free legals, and free valuation)
For further details, please view our Residential Product guide. |
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wLimited time offer! Reduced rates on Buy-to-Let products for Individual landlords - 23 August 2018 | |
With effect from today, we have a new Limited Edition Multi Property product with reduced rates for Individual Landlords. Available to clients with an existing Aldermore mortgage, new customers submitting a second or subsequent application(s), or submitting multiple applications at the same time. New Multi Property Remortgage product for Individual landlords with single residential investment properties:
For further details on our Buy-to-Let mortgage criteria, click here |
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wLIBOR has increased from 0.65% to 0.85% - 16 August 2018 | |
Following our 3 month review LIBOR has been set at 0.85% (increased from 0.65%). This means our London Interbank Offered Rate (LIBOR) linked rates (Term Variable rates and reversion rates on Fixed products) on our Commercial Mortgage range and on our Buy-to-Let Mortgages (for companies and multi-unit freehold/HMO properties) have been increased by 0.20%. We will write to all existing customers impacted to confirm their new interest rate and monthly payment amount. The next LIBOR review will take place on 15 November 2018. Please see our Buy-to-Let Mortgages Product Guide and our Commercial Mortgages Product Guide for more details on our current rates, or log in below to submit business.
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wAldermore managed rate to increase from 4.98% to 5.23% - 10 August 2018 | |
Aldermore Managed Rate will increase from 4.98% to 5.23% In line with the recent Bank of England Base Rate change (0.50% to 0.75%), the Aldermore Managed Rate (AMR) will be increased by 0.25%; from 4.98% to 5.23% for new (including pipeline) and existing mortgage customers on 1 September 2018. The AMR is Aldermore's standard variable rate for residential mortgages and buy-to-let for individuals. The change in AMR will mean that, across these product ranges, Aldermore's Term Variable rate mortgages will increase by 0.25% and all reversion rates on fixed rate mortgages will increase by 0.25% (from 1 September 2018). Initial fixed rates will remain unchanged and we will send updated product guides in advance of the AMR change. Existing Aldermore customers We will be writing to all existing Aldermore mortgage customers affected by the change, to let them know their new interest rate and monthly payments effective from 1 September 2018. If you have any queries, please contact your Business Development Manager or call 0333 321 1000. |
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wBank of England Base Rate Change Announcement - 2 August 2018 | |
Following the Bank of England’s decision to increase Base Rate from 0.50% to 0.75%, Aldermore is currently reviewing its variable rate mortgages and savings products. Once a decision is made we will publish details of these and notify all customers impacted. |
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wRemortgages up to 90% LTV now available - 29 May 2018 | |
With effect from 29 May 2018, we can offer a new range of remortgage only products up to 90% LTV. Whether your client had a Help to Buy: Equity loan or started off with a small deposit, we've got a remortgage with their name on it. What we can offer:
For further details, please view our Residential product guide |
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wLIBOR has increased from 0.55% to 0.65% - 16 May 2018 | |
Following our 3 month review LIBOR has been set at 0.65% (increased from 0.55%) This means our London Interbank Offered Rate (LIBOR) linked rates (Term Variable rates and reversion rates on Fixed products) on our Commercial Mortgage range and on our Buy-to-Let Mortgages (for companies and multi-unit freehold/HMO properties) have been increased by 0.10%. We will write to all existing customers impacted, to confirm their new interest rate and monthly payment amount.
The next LIBOR review will take place on 15 August 2018.
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wNew products available across our buy-to-let range of mortgages - 23 April 2018 | |
With effect from 23 April 2018, we've made some changes across our Buy-to-Let range. Whether your client is big or small, individual or business, we've got a mortgage with their name on it.
We have also introduced new fee free remortgage only products and a new Multi Property product with discounted rates. |
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wNew tiered pricing launched - giving credit where credit's due - 23 April 2018 | |
With effect from today 23 April 2018, we've launched two new levels of products on our Residential Range, which have extended credit criteria for applicants who don't qualify for our Standard Level 1 products. Our specialist mortgages give credit where credits due and is ideal for clients who may not have previously fit our criteria. For full details, please see our updated Residential Product Guide. |
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wBuy-to-let policy change - 23 April 2018 | |
As of today 23 April 2018 we now consider one year's accounts for self-employed landlords.
For full details of our requirements please view our lending criteria guide. |
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wNew Mobile Responsive Broker Portal - 20 April 2018 | |
At Aldermore we believe you should be able to submit business to us how you want, whether that’s in the office or on the go. From Monday 23 April both our Residential and Commercial broker portals will be mobile responsive and accessible from a smart phone, tablet or laptop as well as a desktop PC. That means:
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wBuy-to-Let product withdrawals - 19 April 2018 | |
A number of our existing Buy-to-Let mortgage rates will be withdrawn and refreshed with a new range on Monday 23 April. In order to secure the existing products you'll need to have your Decision in Principle submitted before 08.59pm on Friday 20 April. For full details of our current Buy-to-Let products please see our Buy to Let Product Guide . We will update this product guide on Monday 23rd April with our new range. Remember to log in to our Residential Mortgages Broker Portal to submit new buy-to-let cases for individual landlord clients on single residential units, or use our Commercial Mortgages Broker Portal for company buy-to-lets and cases on HMOs and multi-unit freeholds. |
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wReduced rates and NEW products across our residential range of mortgages – 21 February 2018 | |
With effect from today (21/02/2018) we’ve made some changes across our High LTV and Help to buy: equity loan and London help to buy ranges, helping first time buyers get on the ladder. We’ve reduced our High LTV rates by up to 0.5% plus we’ve removed our re-mortgage application fee and introduced a 5 year fixed with no product fee for purchase applications up to 95%. On our Help to buy equity loan range (including London help to buy scheme) we’ve reduced rates and introduced no product fee options. For full details, please see our updated Residential Product Guide |
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wNew Commercial Mortgage range now available – 08 February 2018 | |
We've refreshed our commercial range with new rates and benefits.
^Aldermore will pay for the cost of search insurance for commercial remortgages up to £1m. Search insurance is for the benefit of Aldermore and your clients will still be liable for searches not covered by the policy (HS2 / Crossrail and Flood searches). Offer valid until 31st July 2018 For more information on our updated commercial range view our Product Guide. We've also made changes to our Commercial Legal Fee Scale and Valuation Fee Scale which you can find on the documents section of our intermediary website.
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wSuspicious emails - February 2018 | |
If you receive an email or fax asking for any personal or security information (e.g. login details) please don't reply as it is likely to be fraudulent. Please don't click on any links or open any attachments. Instead, forward it to financial.crime@aldermore.co.uk and then delete it. This information will be used to help reduce fraud. |
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wResidential and Buy-to-Let lending criteria changes - 30 January 2018 | |
Great news, we've updated our policy for new build incentives to help get your residential clients on the ladder and help your buy-to-let clients maximise their deposits. Here's an overview of the changes:
Buy-to-Let Criteria (New build houses only) - available up to a maximum of 80% LTV:
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wResidential Mortgages Broker Portal Maintenance – 25 January 2018 | |
The Residential Mortgages Broker Portal will be unavailable for a short period from 10pm to midnight on Thursday 25 January, while we carry out essential site maintenance. We apologise for any inconvenience this may cause. |
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w Commercial Mortgages lending criteria changes – 09 January 2018 | |
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