5.93% Fixed for 5 Years

5.98% Variable

5.93% Fixed for 5 Years

5.98% Variable

Up to £200,000 (Remortgage only LTV 75)

Mortgage NOT portable

- Mortgage is NOT for First time buyers

Free Legal

MORTGAGE PRODUCTS FROM ALDERMORE WILL ONLY BE AVAILABLE THROUGH OUR PANEL OF SELECTED DISRIBUTION PARTNERS

- We will pay the costs of the legal work necessary to move your mortgage to Aldermore Bank PLC. We will appoint our own Solicitor to act for Aldermore Bank PLC only. You are free to take independent legal advice, or to have additional work carried out by the appointed Solicitor, although any costs incurred must be paid by you.

Overpayments of up to £5,000 can be made in any 12 month period, without incurring an early repayment charge. If you do make an overpayment, then the amount you owe and the interest you are charged will reduce from the date the overpayment is credited to your account.

Overpayments totalling more than £5000 in any 12 month period will incur the early repayment charge(s) detailed in Section 10.

This mortgage includes a facility for additional secured borrowing. You can apply for additional secured borrowing after 6 months, subject to satisfactory conduct of your account and our lending policy at that time.

Buy to Let : Accepted

Capital Rest Period : Daily

Repayment Yes

Endowment Yes

PEP Yes

Pension Yes

Interest only (no RV) Yes

With Profits Yes

Unit Linked Yes

ISA Yes

Split Repayment No

Arrangement : 2.25% of loan On completion

Booking : None

5% of loan to be paid within first year, Then 4% of loan to be paid for next year, Then 3% of loan to be paid for next year, Then 2% of loan to be paid for next 2 Years

None

Basic:

upto £100,000 - £220

upto £200,000 - £290

upto £300,000 - £360

upto £400,000 - £430

upto £500,000 - £480

upto £700,000 - £600

upto £1,000,000 - £740

upto £2,000,000 - £980

Min Valuation £75000

Completion fees will be deducted from the advance on completion.

The valuation fee is not refundable once the valuation has been carried out. The applicant(s) will always pay Aldermore the standard valuation fee. Where the applicant(s) require a more detailed report, the Valuer will be instructed to collect the additional fee direct from the applicants.

Electronic Funds transfer Fee - £30.00 Payable on completion.

Mortgage Discharge Fee - £90.00 Payable on redemption.

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Yes

Flat Over Shop Yes

Maisonette Yes

Studio Flat No

Flying Freehold No

Thatched Yes

Timber Framed Yes

Concrete No

Agricultural Tie No

Flat Over 4 Storeys Yes

Listed Building Yes

Not Accepted

Over four storeys accepted if there is a

lift.

New build, newly converted and freehold flats or freehold maisonettes are not accepted

Non standard construction are not accepted.

Freehold or leasehold (with 40 unexpired years at end of term and 60 years at completion).

- 125% coverage at the product pay rate or reversion rate (whichever is higher).

- Applicants must own at least 1 existing Buy to Let property.

- Assured Shorthold Tenancy (AST) required, for a maximum of one year.

- Property cannot be occupied by family members.

Accepted Locations : England, Wales

Bank Statements No

At Least 3 Months Pay Slips No

P60 Yes

Proof Of Residency Yes

Life Policy To Be Assigned No

Previous Lender References No

Buildings Conditional

Min Loan /Rmg £50,000

Max Loan /Rmg £200,000

Max Portfolio of BTL Loans none

Min Age 21 years

Max Age 75 years

Min Term 10 years

Max Term 35 years

Aldermore reserve the right to ask for further documentation.

Latest Payslip or P60 or SA302 required.

Proof of conduct required for all mortgages.

Vendor / Builder deposits maximum 5%.

Maximum of two applicants.

The property must be adequately insured under an acceptable buildings insurance policy.

Foreign Citizens Not Accepted

Ex-Patriates Not Accepted

Based on Income > 0

Refer to rental income calculations

Min months in current position 3

Min months in continuous service 3

Min no. of years accounts 2

Average years taken to calculate income 3

Will consider declining profit Yes

Self employed

Certified accounts covering the last two years.

Residential affordability calculation - please refer to website for

mortgage calculator.

Minimum Income £10000

Hire Purchase Taken into account

Personal Loans Taken into account

Overdraft NOT Taken into account

Credit/Store Cards Taken into account

Child Maintenance Taken into account

Child Education Taken into account

Extra Income:-

Other Income - Guaranteed Add 100% to income before multiply

Other Income - Regular Add 100% to income before multiply

Other Income - Irregular Add 50% to income before multiply

Investment Income Add 100% to income before multiply

Mortgage Subsidy Add 100% to income before multiply

Large Town Allowance Add 100% to income before multiply

Maintenance Payments No

Non Contributory Pension Add 100% to income before multiply

Car Allowance Add 100% to income before multiply

Capital Raising 75%

Home Improvements 75%

Debt Consolidation 75%

School Fees 75%

Holidays/Cars 75%

Buy Other Property 75%

Business Purposes 75%

Divorce Settlement 75%

Unencumbered 75%