Mortgage News
Aldermore and Hinckley and Rugby BS withdraw select BTL deals ‒ round-up
Aldermore is temporarily removing its limited edition five-year fixed buy-to-let rate at 6pm tomorrow.
The lender said that it would process pipeline applications as usual and to secure a product, brokers could submit a decision in principle (DIP) by 6pm tomorrow.
Aldermore said that it understood that the DIP would lock in the rate, stress test and criteria and give brokers a further 10 days to package a case and then convert the DIP.
Hinckley and Rugby Building Society withdrawal
Hinckley and Rugby Building Society is withdrawing its two-year discounted variable rate for limited company buy-to-let at 5.64 per cent at 5pm today.
The lender said that brokers wanting to secure a rate should submit cases prior to this deadline.
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This is 1.65 per cent off the landlord variable rate.