This content is for intermediary use only. If you're a mortgage customer, please
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This content is for intermediary use only. If you're a mortgage customer, please
click here.
We consider the customer's circumstances, not just their credit profile.
Enhanced lending criteria designed to support a broader range of customers.
Experienced underwriters making informed lending decisions.
We're here to help customer whose circumstances may have changed. Whether due to a relationship breakdown, illness, redundancy or another life event, many customers with adverse credit have rebuilt their finances and are ready to take their next step on the property ladder.
We're here to consider customers with:
• County Court Judgments (CCJs)
• Defaults, missed or late payments
• Debt Management Plans (satisfied or unsatisfied, subject to criteria)
• Individual Voluntary Arrangements (IVAs)
• Bankruptcy (subject to our lending criteria)
• Historic credit events where customers have demonstrated improved financial management
When you place an adverse credit case with Aldermore, you'll benefit from:
• Manual underwriting by experienced underwriters who look beyond the credit score.
• Individual assessment of every application.
• Five levels of lending criteria designed to support a wide range of customer circumstances
We're here to help customer whose circumstances may have changed. Whether due to a relationship breakdown, illness, redundancy or another life event, many customers with adverse credit have rebuilt their finances and are ready to take their next step on the property ladder.
We're here to consider customers with:
• County Court Judgments (CCJs)
• Defaults, missed or late payments
• Debt Management Plans (satisfied or unsatisfied, subject to criteria)
• Individual Voluntary Arrangements (IVAs)
• Bankruptcy (subject to our lending criteria)
• Historic credit events where customers have demonstrated improved financial management
When you place an adverse credit case with Aldermore, you'll benefit from:
• Manual underwriting by experienced underwriters who look beyond the credit score.
• Individual assessment of every application.
• Five levels of lending criteria designed to support a wide range of customer circumstances
Following a relationship breakdown several years ago, David experienced financial difficulties which resulted in satisfied defaults and a County Court Judgment (CCJ). Since then, he had worked hard to rebuild his credit profile, maintain a strong repayment record and improve his overall financial position.
While high street lenders were unable to support the application due to historic adverse credit, Aldermore took a more individual approach. By looking beyond past credit events and assessing David's current circumstances, affordability and ability to sustain mortgage repayments, we gained a fuller picture of his situation.
Through our manual underwriting approach and consideration of the customer's overall profile, we were able to offer a mortgage that helped David purchase his new home.
This case highlights how a flexible approach to mortgage lending for customers with historic adverse credit, including CCJs and defaults, can help more people achieve their homeownership goals.
This case study is not based on real life events, and all applications will be assessed on a case-by-case basis.
For owner-occupied and individual buy to let applications. You can log in to our Residential Mortgages Broker Portal or register here.
IF YOUR CLIENT FAILS TO KEEP UP PAYMENTS ON THEIR MORTGAGE THEIR PROPERTY MAY BE REPOSSESSED.