T: 01565 654005 BOOK A CALL MESSAGE US

Aldermore

You are here:
< All Topics
Table of Contents

Aldermore has a limited range of buy-to-let products but is still doing up to 75% loan to value. Because physical valuations are not possible they are carrying out automated valuations for BTL single unit applications where possible. It has withdrawn all HMO and multi-unit freehold products up to six bedrooms or units which is expected to be temporary.

What they continue to offer:

  • Incorporation to Limited Company.
  • SPV and Trading Company Purchases – no SIC code restrictions.
  • No minimum income or owner-occupier status for existing landlords.
  • First Time Landlords £25,000 minimum income.
  • Large portfolios.

What has been removed in the short term

  • BTL > 75% LTV
  • HMO / Multi-Unit under 1 title
  • Re-mortgage within 6-month ownership
  • Capital raising on BTL for an onward property. (transfer of title, equity buy out, home improvements, debt consolidation are still acceptable)

Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.