News
Aldermore reaches out to mortgage clubs
Aldermore, the new intermediary residential and buy to let mortgage lender, is reaching into the directly authorised broker market, by offering its products through distribution partners’ mortgage clubs.
With immediate effect, all directly authorised brokers can access Aldermore’s full product range via the following clubs: 3mc, BDS Mortgage Club, L&G Mortgage Club, Mortgagebox (PTFS Mortgage Club), Mortgage Intelligence Mortgage Club, Mortgage Next Mortgage Club, Pink Mortgage Club, Platinum Options and PMS.
Brokers must register with Aldermore through its website before submitting applications.
Colin Snowdon, chief executive, residential mortgages at Aldermore, said: “Brokers will discover that it takes just a few minutes to submit a clients’ case online and receive an immediate decision in principle. Brokers can also upload supporting documentation online, meaning they can retain their original files, and a DIP will leave only a soft footprint on their clients’ credit records.”
In the residential market, Aldermore has products for purchase and remortgaging, up to 80% loan to value with a choice of two year discounts starting from 3.98% and three and five year fixed rates starting from 4.93%.
In the buy to let market, mortgages are available up to 75% loan to value for the purchase or remortgage of a single property, with a choice of two year discounts starting from 4.98% and three and five year fixed rates starting from 5.78%.
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