Aldermore are withdrawing rates across 
residential owner occupied and buy to let mortgage range – from 6pm Wednesday 10 May
We wanted to give you advance notice that we’ve made the decision to increase rates across our buy to let, residential owner occupied and product switch range
The below products will be withdrawn from 6pm Wednesday, 10 May and we’ll continue to accept DIPs submitted in the portal up to 6pm Wednesday 10 May.
Products being withdrawn:
Buy to let for individuals, companies, multi property, HMO and multi unit freeholds
2 and 5 year fixed rates
Residential owner occupied standard level 1 and 2
2 and 5 year fixed rates
Residential owner occupied high LTV
2 and 5 year fixed rates
Product switch residential owner occupied standard
2 and 5 year fixed rates
Product switch residential owner occupied high LTV
2 and 5 year fixed rates
Product switch residential owner occupied Help to Buy: Equity loan
2 and 5 year fixed rates
We’ll be launching new rates from 9am Thursday 11 May.
Pipeline applications
We’ll process pipeline applications as usual and if you’d like to secure one of these products for your client, the latest you can submit a decision in principle (DIP) is 6pm Wednesday, 10 May.
For product switch rates you’ll need to secure an offer by 6pm Wednesday, 10 May which will then be valid for 7 days
Our DIP guarantee
We guarantee our new business DIPs for 10 days – this secures the rate and product but it also gives you the time to gather all the information we need to review your case.
So, once you have everything in hand, this is when you should start uploading the checklist items in the portal. You’ll then have a further 10 working days to do this, but don’t forget, a fully packaged case at day 1 will be reviewed by our processing team, so this will speed up our decision making.
Please note: Product Switch offers are valid for 7 days.