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Aldermore makes changes to resi and BTL propositions

Aldermore has announced a series of changes to its residential and buy-to-let mortgages propositions.

For residential mortgages, the specialist lender has reduced the minimum valuation for ex-public sector property outside of Greater London that it will lend on from £150,000 to £100,000  and increased the maximum property land size from three to six acres.

Regarding its BTL proposition, as well as the same two changes mentioned above, Aldermore will now consider new build flats up to 70 per cent LTV for first-time landlords and 75 per cent LTV for more experienced landlords, and has lowered ICRs for basic rate tax payers.

Aldermore director of mortgages Damian Thompson says: “The latest changes come at a time when it is vital to provide support in a challenging housing market – whether they are a first-time buyer with little or no deposit or a landlord looking to invest in a new property or remortgage an existing one.”



Aldermore launches new buy-to-let product for individual landlords

 Aldermore has launched a new buy-to-let remortgage product for individual landlords.  This product is only available to landlords with multiple properties, provided they are all single residential units. This is a five-year fixed rate deal, with rates starting from 3.48 per cent for loans up to  75 per cent LTV. This rate increases to 3.78 […]

Aldermore appoints Thompson as director of retail mortgages

Specialist bank Aldermore has appointed Damian Thompson as its new director of retail mortgages. Thompson (pictured) has worked in financial services for 27 years, including roles at HBOS, Principality and Newcastle Building Society and has been working at Aldermore in an interim position prior to taking on the director of retail mortgages role. In July, it […]


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