Aldermore will briefly withdraw all its residential owner occupied and buy-to-let mortgage fixed rates at 6pm on Monday.
In a note to brokers, the lender said that the move was due to changes in swap rates and volatility in the market.
Aldermore said that brokers had until 6pm on Monday to submit a decision in principle, which would lock in the rate, stress test and criteria.
Brokers then have a further 10 days to package the case and convert it to a full mortgage application.
The lender continued that it would be relaunching its new mortgage range on Tuesday, which would include buy-to-let, residential owner-occupied and product switch rates.
Aldermore adds that it would be bringing out a limited edition buy-to-let product for multiple properties on one application. It allows two to 30 properties to be placed in one application, so there is one account number, one loan to value (LTV) and one stress test.
Aldermore was contacted for comment.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
