Switch your mortgage

• Your account needs to be up to date and you can’t have missed any payments in the last 3 months. You can be considered for a product switch if you’ve missed a maximum of 1 monthly payment within the last 4 to 12 months. If you’ve taken a mortgage payment break, your agreed missed payments during your payment break won’t be classed as arrears so won’t affect your ability to switch
• You can’t be making any other changes to your mortgage and just switching your current rate
• You can’t have any ground rent arrears on your buy to let account(s) with us

• If you're on a fixed rate: up to 3 months before the end of your current fixed rate without incurring any Early Repayment Charges.

• If you're on a term variable rate: up to 3 months before the end of your Early Repayment Charge period

We’ll get in touch with you 3 months before your current rate ends with what new rates are available to you. There’s a number of ways you can switch to a new rate with us.

• If you're on the variable Aldermore Managed Rate (AMR) or Aldermore Mortgages Transition Rate (AMTR):switch at any time, regardless of how long you have been on the AMR/AMTR.

If you’d like to switch, we offer product switches on an ‘execution only’ basis. This means you’re responsible for choosing a mortgage that’s right for you. You won’t receive any advice or a recommendation from us. If you’d like advice and a recommendation based on your needs and circumstances, you can contact a broker who’ll be happy to help you find the right mortgage.

 You can find a mortgage broker by searching online or by asking friends or family for personal recommendations. Don’t forget to check they're registered with the FCA. You can do this by searching the FCA register.

• Contact your mortgage broker - They’ll take you through the process and arrange everything for you. 
• Get in touch with us - Call our team on 0333 321 1000 – (Mon-Fri, 9am-5pm) or email:  product.switch@aldermore.co.uk
• Apply by post - Just fill out the form at the end of your letter and send it back in the envelope we’ve included.

Whilst Aldermore take appropriate measures to safeguard customer information, no email can ever be guaranteed secure. That’s why we’ll give you the choice of receiving your documents by either post or email.

If you’re a homeowner we'll use your up-to-date computer-based valuation along with your existing balance to confirm your product switch rates. You can view our  homeowner, you can view our latest rates here.

If you’re a landlord you can contact your broker or our team for your current rates. They’ll let you know your property valuation which we’ll then use to confirm which rates you’re eligible for.