Aldermore increasing our procuration fees!
Aldermore always looking for ways to help support their intermediary partners and they understand placing specialist cases can sometimes take a little more time.
That’s why they’ve decided to increase their proc fees by 0.10% from the 17th February 2022.
Proc fee rates will increase to 0.50%* for residential mortgages and 0.60%* for buy to let mortgages.
Brokers will receive the increased fee amount on all completed applications keyed on or after the 17th February 2022.
*rates are quoted net of distribution partner uplift.
Change to our post-offer requirements for buy to let mortgages
To help Aldermore improve their process and save time, they no longer need a signed and returned offer to acceptance document for buy to let applications. This applies to all new and pipeline applications.
Residential guide here.
Buy to Let guide here.