Personal Mortgages

Is an Aldermore Mortgage right for me?

Our mortgages are designed for creditworthy borrowers being penalised by automated credit scoring systems. At Aldermore we underwrite all applications using expert underwriters, taking a common sense approach to personal circumstances.

This means...we base our decisions on sensible underwriting rules, applied by experienced people on a case by case basis.

• We carefully consider all facts presented by an applicant, taking into account individual circumstances
• We don't use tick box underwriting to automatically reject applicants with recent job moves, multiple income streams or self-employment and little credit history
• Because we look at cases based on individual merit, we will consider occasional missed payments on credit cards, mobile phones and other unsecured credit

Therefore, we will consider lending to applicants who:

• Are not yet on the voters roll because they have recently moved home
• Have recently changed their job
• Have satisfactorily resolved minor historic credit issues
• Are self-employed with income generated via multiple sources
• Are self-employed and disadvantaged by credit scoring systems favouring salaried applications
• Are currently living in rented accommodation, because they have sold their previous house

To see how our mortgages could work for you, take a look at our case study examples. 

Find out more and apply

 

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE