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This content is for intermediary use only. If you're a mortgage customer, please
click here.
More choice. More flexibility. Our new five-tier residential lending is here, now up to 98% LTV. Read our update.
We consider complex, varied and non-traditional income to give a fairer view of affordability.
We use recent CIS earnings to reflect true income, helping more contractor clients qualify.
Support for limited trading history, fluctuating income and more complex financial profiles.
Human decisions on every case, giving clearer outcomes for clients who don’t fit the standard criteria.
We accept clients with 12 months on the CIS scheme, or 24 months’ relevant experience if they’re new to CIS.
We calculate affordability over 52 weeks, considering 12 months’ income for professionals and 2 years at the same employer for non-professionals.
Up to 90% LTV with only 1 year’s accounts, or up to 95% LTV with 2 years’ accounts.
Up to 6 x LTI available for eligible borrowers to support stronger affordability.
For company directors with 2 years’ accounts, we’ll work off the latest year, using the highest of either salary + dividends OR salary + share of net profit.
Contractor income calculated using the average weekly pay from the latest 3 months × 46 weeks. Boosting affordability for clients with variable earnings.
Every case is manually reviewed, giving clients real decisions based on real circumstances.
We support a wide range of complex income types from multiple income sources to help you find the right fit for your clients.
We accept clients with 12 months on the CIS scheme, or 24 months’ relevant experience if they’re new to CIS.
We calculate affordability over 52 weeks, considering 12 months’ income for professionals and 2 years at the same employer for non-professionals.
Up to 90% LTV with only 1 year’s accounts, or up to 95% LTV with 2 years’ accounts.
Up to 6 x LTI available for eligible borrowers to support stronger affordability.
For company directors with 2 years’ accounts, we’ll work off the latest year, using the highest of either salary + dividends OR salary + share of net profit.
Contractor income calculated using the average weekly pay from the latest 3 months × 46 weeks. Boosting affordability for clients with variable earnings.
Every case is manually reviewed, giving clients real decisions based on real circumstances.
We support a wide range of complex income types from multiple income sources to help you find the right fit for your clients.
Helping more of your clients find a mortgage that fits.
Our BDMs and underwriting teams work closely with you throughout the process.
Every case is manually underwritten to ensure we understand your client’s full story.
Meet David. He's built a successful consultancy business, generates consistent profits and has strong affordability. However, like many self-employed customers, his income doesn't fit neatly into a standard lending model.
Some years are stronger than others, and rather than drawing all available income, David chooses to retain profits within his business to support future growth.
While some lenders focus on fluctuating income figures alone, we take a broader view. Our experienced underwriters consider the sustainability of the business, income trends, affordability and the overall financial position behind the application.
For established self-employed customers like David, we can take a pragmatic view of income and affordability, recognising that business owners don't always draw all available profits from their company. In cases like theirs, we can consider:
• Residential purchase mortgages
• Lending up to 95% LTV
• Support for gifted deposits
• A pragmatic approach to minor credit blips
• Individual underwriting for strong affordability cases
Because sometimes the future matters more than the profile.
This case study is not based on real life events, and all applications will be assessed on a case-by-case basis.
Meet David. He's built a successful consultancy business, generates consistent profits and has strong affordability. However, like many self-employed customers, his income doesn't fit neatly into a standard lending model.
Some years are stronger than others, and rather than drawing all available income, David chooses to retain profits within his business to support future growth.
While some lenders focus on fluctuating income figures alone, we take a broader view. Our experienced underwriters consider the sustainability of the business, income trends, affordability and the overall financial position behind the application.
For established self-employed customers like David, we can take a pragmatic view of income and affordability, recognising that business owners don't always draw all available profits from their company. In cases like theirs, we can consider:
• Residential purchase mortgages
• Lending up to 95% LTV
• Support for gifted deposits
• A pragmatic approach to minor credit blips
• Individual underwriting for strong affordability cases
Because sometimes the future matters more than the profile.
This case study is not based on real life events, and all applications will be assessed on a case-by-case basis.
Aldermore is giving you and your contractor clients more choice and flexibility, so they can access the mortgage they need.
Contractors in the UK are a pretty diverse bunch, from locum doctors to IT professionals and supply teachers, contractors work under many different structures and arrangements. This means their finances don’t always neatly fit into either a standard employed or self-employed underwriting approach. At Aldermore, we don’t believe this makes them unsuitable for a mortgage.
IF YOUR CLIENT FAILS TO KEEP UP PAYMENTS ON THEIR MORTGAGE THEIR PROPERTY MAY BE REPOSSESSED.
