Aldermore have made quite a name for them-selves in the specialist mortgage world – and now they’re extending their offering to later-life mortgages.
Their new range for borrowers aged 55 and over features multiple product options, including a 2,3,5 and 10 year fix as well as a product with no ERCs and an opportunity to extend repayments up to the age 99. So your client can borrow what they need and pay it back at a manageable rate.
So, if your client wants to treat themselves in their retirement, or get a head start on their inheritance Aldermore have got a mortgage with their name on it.
What Aldermore offer:
- Capital repayment up to 75% LTV and Interest Only up to 60% LTV
- Choice of 2,3,5 and 10 year fix
- 10 year fixed rate with no ERCs after 5 years
- Variable rate product with no ERCs
- Sale of property accepted as repayment strategy
How to submit business
During the pilot phase business can be submitted through the packager AToM.
For full details, please visit Aldermore’s dedicated Later Life Lending web page here
