On Friday 27 October, we made some important updates to our Buy to Let (BTL) lending criteria.   Minimum income criteria We’ve simplified our criteria by removing the £50,000 minimum income requirement for applicants who will have five or more let properties at completion. We also now accept other income types. This means for all [...]

Want to learn more about the PRA changes to portfolio landlord underwriting standards? This short video produced by Aldermore will assist you in understanding the classification of portfolio landlords, the new affordability assessments and the use of personal income for your client’s cases, giving you tips for submitting business with Aldermore. Watch the full video [...]

Our new products are available from today across our Residential, Older Borrower and Buy to Let portfolios. All previous portfolios withdrawn with immediate effect with applications accepted up to Friday 3 November. Older Borrowers 13 NEW products released with a mix of fixed and discount options 2 and 3 year products available Choose between cashback or fees assisted [...]

We are seeing an increase in the number of Expat mortgage applications. As a result of this, we wanted to let you know that as of today, we have introduced our new Buy to Let Expat proposition. What the changes include: HMO and Limited Company loans now available for Expat customers through our new Specialist [...]

Packager exclusive products for buy-to-let now available at TFC from Foundation Homeloans TFC Homeloans are pleased to announce we have some packager exclusive buy-to-let products on offer to The Right Mortgage Network from Foundation Homeloans. The new products offered are 80% LTV on Foundations standard and first time landlord ranges. Their maximum LTV on their [...]

Annual house price growth picks up to 2.5% Modest 0.2% month-on-month increase House Price Index headlines  Oct 17 Sep 17† Monthly Index*  420.7 419.7 Monthly Change*  0.2% 0.4% Annual Change  2.5% 2.3% Average Price (not seasonally adjusted) £211,085 £210,801 *Seasonally adjusted figure (note that monthly % changes are revised when [...]

Following the decision by the Monetary Policy Committee to increase the Bank of England Base Rate to 0.50%, we are contacting you to let you know that we will increase our new business Tracker mortgage rates to reflect this. The changes we are making solely affect our Tracker deals and reflect the increased Bank of [...]

Interest Only - maximum loan amount We have removed our £1.5m cap for residential Interest Only lending. There is now no maximum loan amount for interest only mortgages. Subject to maximum LTVs and individual product limits. Maximum LTVs We have increased the maximum LTVs available for large loans. We are now able [...]

Following the Bank of England’s announcement that they’ve increased the Bank Base Rate by 0.25%, we’re making the following changes: Tracker Rate Products We’re withdrawing all our residential & BTL  tracker rate deals from 8pm tonight. In the short term these products will not be replaced. All other products in our residential and BTL ranges [...]