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Aldermore broadens its support for homeowners

POSTED: 23rd April 2018
IN: Newsroom
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  • Two new lending tiers being introduced across its range of standard mortgages
  • Through its human approach to lending, Aldermore aims to widen support of customers who do not fit the cookie cutter mould often required by mainstream lenders
  • The extended range highlights Aldermore’s ongoing commitment to underserved parts of the mortgage market

Specialist Bank, Aldermore has today announced two new lending tiers across its standard range of residential mortgages , with the aim of supporting more mortgage customers.

Available immediately the two new tiers (Standard Level 2 and 3 ranges) mean the Bank will now consider customers if they have:

  • CCJs or defaults registered over 6 months
  • Bankruptcy or IVA discharged for 2 years
  • Mortgage or secured loan arrears over 3 months ago
  • Forced or voluntary possessions older than 3 years

The new tiers offers brokers an immediate lending decision and Aldermore’s system will always display the lowest possible rate for the customer. The rates are available up to 80% LTV on Aldermore’s Standard Range.

Charles McDowell, Aldermore’s Commercial Director, Mortgages comments: “We understand that people’s situations can be complex but we are passionate about supporting the nation’s homeowners. At Aldermore, our human approach to lending enables us to consider each case on an individual basis so we can support those people with small credit issues. We have worked closely with our intermediary partners to design a process that makes the journey of using our tiered products as simple and straightforward as possible for both the broker and the borrower.” 

Standard Mortgage Range Level 2:

  • Up to 80% LTV – product fee £999
  • 2 year fixed rate – from 3.98%
  • 3 year fixed rate – from 4.08%
  • 5 year fixed rate – from 4.18% 

Standard Mortgage Range Level 3:

  • Up to 75% LTV – product fee £999
  • 2 year fixed rate – 4.48%
  • 3 year fixed rate – 4.58%
  • 5 year fixed rate – 4.68%

*Ends*

Notes to editors

For further information about Aldermore, please review our Notes to Editors page.

For further information, journalists can contact:

Katie Priddis, Lansons
Phone:          0207 294 3631
Email:            katiep@lansons.com

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  • Mortgages
  • Press Release