Brexit

As we await the outcome of the UK’s Brexit negotiations there is some uncertainty in terms of the economic outlook. Despite this shifting landscape, we remain committed to providing savings and lending support to the UK’s SMEs, homeowners, landlords and savers. We will always act in ways that help our customers first and foremost.

Aldermore was founded as a British bank ten years ago, operates solely in the UK and is well-funded, robust and resilient.  This will not change as a result of Brexit. Our acquisition by First Rand – one of the largest financial institutions in South Africa -  in 2018 has further strengthened our financial position and security going forward.

At this stage it’s not possible to predict what might happen in respect of interest rates following Brexit.  Any rate changes will be actively communicated to our savers and borrowers, as is usual practice.

As always, any customers concerned about going into arrears on their mortgage or loan, or who may be late on repayments, should contact us as soon as possible so that we can work together on a solution.

SMEs looking for guidance and support may wish to read UK Finance’s no-deal Brexit survival guide. It recommends SMEs assess their financial requirements together with their bank, as well as considering the impact of potential changes to trade arrangements.