Knowing the history of previous cases where Aldermore provided funding to landlords within retirement age, the BDM advised Steve that the case would be able to proceed based on the information provided. The secondary concern of exposure and location of both flats required more communication and understanding.
Aldermore’s BDM took the case to the underwriting team and discussed the merits of the case with them and explained the concerns over the location and the exposure. Having looked at the location, the underwriting team accepted the case but still had concerns over remortgaging two flats in one block. Steve and the BDM kept in close contact during the discussions about the case and one of the key elements of the process that Steve appreciated, and had experienced more than when working with other lenders, was the fact that he could contact the BDM directly providing consistency and continuity during the case application.
The exposure issue was resolved quickly working with the underwriting team and the application was successfully completed within one month.