Aldermore is withdrawing all of its residential owner-occupied and buy-to-let mortgage fixed rate products from 6pm Monday the 26th of June, in order to reprice.
This comes as a result of yesterday’s Bank of England Base Rate hike and the subsequent swap rate volatility.
The lender said that it will honour any ongoing decision in principles (DIPs) submitted before 6pm Monday.
Aldermore will launch a new mortgage range on Tuesday the 27th of June, and hopes to introduce new buy-to-let, residential owner-occupied and product switch rates.
The lender will also launch a new limited edition buy-to-let product for multiple properties on one application.
The multi property product will allow brokers and borrowers to place two to 30 properties one application.
