07 July 2017
Along with other buy-to-let mortgage providers Aldermore will adopt the new Prudential Regulation Authority (PRA) underwriting standards in September 2017. The changes will mean more in-depth portfolio and affordability assessments across the market and lenders will need to apply a specialist underwriting approach.
As a specialist bank, Aldermore are already recognised as a lender who provides specialist underwriting and they are committed to continuing lending to buy-to-let landlords, with portfolios of all shapes and sizes.
To support you and your clients they have created a short guide for landlords with a summary of the changes across the market. And they’ve also outlined their approach to the new standards in an intermediary guide.