Aldermore Managed Rate will increase from 4.98% to 5.23%
In line with the recent Bank of England Base Rate change (0.50% to 0.75%), the Aldermore Managed Rate (AMR) will be increased by 0.25%; from 4.98% to 5.23% for new (including pipeline) and existing mortgage customers on 1 September 2018.
The AMR is Aldermore's standard variable rate for residential mortgages and buy-to-let for individuals. The change in AMR will mean that, across these product ranges, Aldermore's Term Variable rate mortgages will increase by 0.25% and all reversion rates on fixed rate mortgages will increase by 0.25% (from 1 September 2018).
Initial fixed rates will remain unchanged and we will send updated product guides in advance of the AMR change.