Increasing proc fees and improving our application process

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.

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